Exxon Mobil Corporation (NYSE:XOM) Shares Sold by LifeSteps Financial Inc.

LifeSteps Financial Inc. cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 12,845 shares of the oil and gas company’s stock after selling 166 shares during the period. Exxon Mobil makes up 1.2% of LifeSteps Financial Inc.’s portfolio, making the stock its 22nd largest holding. LifeSteps Financial Inc.’s holdings in Exxon Mobil were worth $1,528,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the 4th quarter worth $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $32,000. Synergy Investment Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at about $47,000. Finally, Clarity Asset Management Inc. boosted its holdings in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

XOM stock opened at $109.40 on Friday. The stock’s 50 day moving average price is $107.04 and its 200 day moving average price is $108.50. The firm has a market cap of $471.49 billion, a P/E ratio of 14.51, a PEG ratio of 2.13 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XOM. Scotiabank cut their target price on 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 objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.10.

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.