TCI Wealth Advisors Inc. Sells 765 Shares of Exxon Mobil Corporation (NYSE:XOM)

TCI Wealth Advisors Inc. trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 1.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 57,163 shares of the oil and gas company’s stock after selling 765 shares during the period. Exxon Mobil makes up about 0.5% of TCI Wealth Advisors Inc.’s investment portfolio, making the stock its 26th biggest position. TCI Wealth Advisors Inc.’s holdings in Exxon Mobil were worth $6,798,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. 10Elms LLP bought a new position in Exxon Mobil during the 4th quarter valued at about $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil during the 4th quarter valued at about $32,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC bought a new position in Exxon Mobil during the 4th quarter valued at about $47,000. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Barclays reissued a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank cut 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 report on Friday, April 11th. Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Morgan Stanley dropped their target price 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. Finally, Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.50.

View Our Latest Stock Report on XOM

Exxon Mobil Stock Down 0.7%

Shares of NYSE:XOM opened at $113.20 on Friday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a 50 day moving average of $106.32 and a 200-day moving average of $108.66. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The stock has a market cap of $487.84 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 2.26 and a beta of 0.49.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Exxon Mobil’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.06 EPS. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Exxon Mobil Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOMFree Report).

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.