SeaCrest Wealth Management LLC Sells 20,570 Shares of Exxon Mobil Co. (NYSE:XOM)

SeaCrest Wealth Management LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 37.1% in the first quarter, Holdings Channel.com reports. The fund owned 34,924 shares of the oil and gas company’s stock after selling 20,570 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Exxon Mobil were worth $4,060,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Partnership Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter worth about $46,000. Vima LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $50,000. Orion Capital Management LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $91,000. Keener Financial Planning LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $80,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $80,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Barclays began coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Finally, Morgan Stanley reissued an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.82.

Insider Activity

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

Exxon Mobil Stock Performance

NYSE XOM opened at $114.81 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $452.70 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 4.14 and a beta of 0.91. The firm’s 50 day simple moving average is $115.00 and its 200 day simple moving average is $109.91. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

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

Exxon Mobil Dividend Announcement

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

Exxon Mobil 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.