WESPAC Advisors SoCal LLC Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

WESPAC Advisors SoCal LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 17.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,626 shares of the oil and gas company’s stock after selling 1,434 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in Exxon Mobil were worth $770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. AlphaMark Advisors LLC boosted its stake in Exxon Mobil by 91.5% in the 1st quarter. AlphaMark Advisors LLC now owns 1,088 shares of the oil and gas company’s stock worth $126,000 after purchasing an additional 520 shares during the period. Hexagon Capital Partners LLC boosted its stake in Exxon Mobil by 17.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 10,396 shares of the oil and gas company’s stock worth $1,208,000 after purchasing an additional 1,535 shares during the period. Consilio Wealth Advisors LLC boosted its stake in Exxon Mobil by 130.8% in the 1st quarter. Consilio Wealth Advisors LLC now owns 6,092 shares of the oil and gas company’s stock worth $708,000 after purchasing an additional 3,453 shares during the period. Park Place Capital Corp boosted its stake in Exxon Mobil by 19.2% in the 1st quarter. Park Place Capital Corp now owns 11,755 shares of the oil and gas company’s stock worth $1,366,000 after purchasing an additional 1,894 shares during the period. Finally, Claro Advisors LLC boosted its stake in Exxon Mobil by 7.0% in the 1st quarter. Claro Advisors LLC now owns 42,034 shares of the oil and gas company’s stock worth $4,886,000 after purchasing an additional 2,738 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.7 %

Shares of XOM opened at $114.18 on Wednesday. The company has a market cap of $450.21 billion, a PE ratio of 13.99, a P/E/G ratio of 4.14 and a beta of 0.91. The business has a fifty day moving average of $115.14 and a 200 day moving average of $109.82. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter in the prior year, the business earned $2.83 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.28 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.33%. Exxon Mobil’s payout ratio is 46.57%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on XOM shares. TD Cowen upped their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Wells Fargo & Company increased their target price on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. HSBC increased their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Mizuho increased their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Barclays started coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $133.82.

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.