180 Wealth Advisors LLC Trims Position in Exxon Mobil Co. (NYSE:XOM)

180 Wealth Advisors LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,218 shares of the oil and gas company’s stock after selling 1,936 shares during the quarter. Exxon Mobil comprises 1.0% of 180 Wealth Advisors LLC’s portfolio, making the stock its 14th largest holding. 180 Wealth Advisors LLC’s holdings in Exxon Mobil were worth $5,721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Exxon Mobil by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after purchasing an additional 1,269,495 shares in the last quarter. Norges Bank purchased a new stake in Exxon Mobil in the fourth quarter worth approximately $5,519,753,000. Morgan Stanley boosted its stake in Exxon Mobil by 2.0% in the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after buying an additional 1,066,937 shares in the last quarter. Capital International Investors boosted its stake in Exxon Mobil by 22.8% in the fourth quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock worth $2,198,413,000 after buying an additional 4,084,458 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in Exxon Mobil by 6.0% in the fourth quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock worth $1,838,462,000 after buying an additional 1,037,226 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Scotiabank upped their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. HSBC upped their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Piper Sandler upped their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Mizuho increased their price objective on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, UBS Group increased their price objective on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $133.82.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $115.11 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The business has a fifty day moving average price of $115.25 and a 200-day moving average price of $109.57. The company has a market capitalization of $453.88 billion, a PE ratio of 14.11, a PEG ratio of 4.11 and a beta of 0.92.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.30%. Exxon Mobil’s payout ratio is 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.