Financial Security Advisor Inc. Sells 681 Shares of Exxon Mobil Co. (NYSE:XOM)

Financial Security Advisor Inc. lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,770 shares of the oil and gas company’s stock after selling 681 shares during the period. Exxon Mobil comprises about 1.5% of Financial Security Advisor Inc.’s portfolio, making the stock its 12th largest holding. Financial Security Advisor Inc.’s holdings in Exxon Mobil were worth $4,390,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Partnership Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at $46,000. Vima LLC bought a new position in Exxon Mobil in the fourth quarter valued at $50,000. Keener Financial Planning LLC bought a new position in Exxon Mobil in the fourth quarter valued at $80,000. Neo Ivy Capital Management bought a new position in Exxon Mobil in the fourth quarter valued at $80,000. Finally, Orion Capital Management LLC bought a new position in Exxon Mobil in the third quarter valued at $91,000. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. TD Cowen lifted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. UBS Group lifted their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Mizuho lifted their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $133.82.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $114.81 on Thursday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a 50-day simple moving average of $115.00 and a two-hundred day simple moving average of $109.91. The stock has a market capitalization of $452.70 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 4.14 and a beta of 0.91.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.