Janney Capital Management LLC Reduces Position in Exxon Mobil Corporation (NYSE:XOM)

Janney Capital Management LLC lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.1% in the 1st quarter, Holdings Channel reports. The fund owned 44,928 shares of the oil and gas company’s stock after selling 980 shares during the quarter. Janney Capital Management LLC’s holdings in Exxon Mobil were worth $5,343,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of XOM. Tallon Kerry Patrick purchased a new stake in Exxon Mobil during the 4th quarter valued at about $789,000. Union Bancaire Privee UBP SA purchased a new stake in Exxon Mobil during the 4th quarter valued at about $48,348,000. SOA Wealth Advisors LLC. grew its stake in shares of Exxon Mobil by 29.5% in the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock valued at $753,000 after buying an additional 1,595 shares during the period. MOKAN Wealth Management Inc. purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $555,000. Finally, Valmark Advisers Inc. grew its stake in shares of Exxon Mobil by 20.4% in the 4th quarter. Valmark Advisers Inc. now owns 65,009 shares of the oil and gas company’s stock valued at $6,993,000 after buying an additional 11,013 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $113.20 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The firm has a market cap of $487.84 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 2.26 and a beta of 0.49. The company’s 50 day moving average is $106.32 and its two-hundred day moving average is $108.66.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter last year, the company posted $2.06 EPS. The firm’s revenue was up .1% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.50%. Exxon Mobil’s dividend payout ratio is presently 52.52%.

Analyst Ratings Changes

Several analysts have recently weighed in on XOM shares. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank dropped their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Morgan Stanley dropped their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Mizuho dropped their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

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.