Founders Financial Securities LLC Has $2.89 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Founders Financial Securities LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,837 shares of the oil and gas company’s stock after selling 486 shares during the quarter. Founders Financial Securities LLC’s holdings in Exxon Mobil were worth $2,887,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Partnership Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at about $46,000. Vima LLC bought a new position in Exxon Mobil in the fourth quarter valued at about $50,000. Keener Financial Planning LLC bought a new position in Exxon Mobil in the fourth quarter valued at about $80,000. Neo Ivy Capital Management bought a new position in Exxon Mobil in the fourth quarter valued at about $80,000. Finally, Orion Capital Management LLC bought a new position in Exxon Mobil in the third quarter valued at about $91,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen raised their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Scotiabank raised their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Wells Fargo & Company raised their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Morgan Stanley restated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, UBS Group raised their target price on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $133.82.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Up 0.2 %

Shares of Exxon Mobil stock opened at $115.12 on Monday. The business’s 50 day simple moving average is $115.25 and its 200 day simple moving average is $109.72. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The firm has a market cap of $453.92 billion, a PE ratio of 14.11, a P/E/G ratio of 4.14 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period in the prior year, the business posted $2.83 EPS. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.