Foundations Investment Advisors LLC Sells 103,327 Shares of Exxon Mobil Corporation (NYSE:XOM)

Foundations Investment Advisors LLC reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 34.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,547 shares of the oil and gas company’s stock after selling 103,327 shares during the period. Foundations Investment Advisors LLC’s holdings in Exxon Mobil were worth $23,375,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. KFA Private Wealth Group LLC lifted its holdings in shares of Exxon Mobil by 25.2% in the 1st quarter. KFA Private Wealth Group LLC now owns 8,254 shares of the oil and gas company’s stock worth $982,000 after purchasing an additional 1,661 shares in the last quarter. Schubert & Co lifted its holdings in shares of Exxon Mobil by 2.5% in the 1st quarter. Schubert & Co now owns 10,304 shares of the oil and gas company’s stock worth $1,225,000 after purchasing an additional 252 shares in the last quarter. AWM Capital LLC bought a new position in shares of Exxon Mobil in the 1st quarter worth $224,000. Purkiss Capital Advisors LLC lifted its holdings in shares of Exxon Mobil by 14.6% in the 1st quarter. Purkiss Capital Advisors LLC now owns 7,005 shares of the oil and gas company’s stock worth $833,000 after purchasing an additional 895 shares in the last quarter. Finally, Baldwin Investment Management LLC lifted its stake in Exxon Mobil by 11.9% during the 1st quarter. Baldwin Investment Management LLC now owns 55,648 shares of the oil and gas company’s stock valued at $6,618,000 after acquiring an additional 5,916 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an “overweight” rating in a research note on Thursday, June 26th. UBS Group dropped their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Morgan Stanley restated an “overweight” rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Finally, TD Cowen raised their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $125.42.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $110.42 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $475.87 billion, a PE ratio of 14.64, a P/E/G ratio of 2.08 and a beta of 0.50. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a 50-day moving average price of $108.75 and a two-hundred day moving average price of $109.05.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $86.11 billion. During the same period last year, the business earned $2.06 earnings per share. Exxon Mobil’s revenue was up .1% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.59%. Exxon Mobil’s payout ratio is presently 52.52%.

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.