ExxonMobil Corporation $XOM Shares Sold by Global Assets Advisory LLC

Global Assets Advisory LLC trimmed its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,679 shares of the oil and gas company’s stock after selling 9,577 shares during the quarter. ExxonMobil accounts for about 3.9% of Global Assets Advisory LLC’s investment portfolio, making the stock its 4th biggest position. Global Assets Advisory LLC’s holdings in ExxonMobil were worth $16,403,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Impact Partnership Wealth LLC grew its stake in ExxonMobil by 0.6% during the 1st quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock valued at $2,039,000 after purchasing an additional 67 shares in the last quarter. Cardinal Strategic Wealth Guidance raised its position in shares of ExxonMobil by 1.9% in the 1st quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock valued at $631,000 after purchasing an additional 68 shares in the last quarter. ICW Investment Advisors LLC raised its position in shares of ExxonMobil by 0.3% in the 4th quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock valued at $3,043,000 after purchasing an additional 69 shares in the last quarter. Swisher Financial Concepts Inc. boosted its stake in shares of ExxonMobil by 0.3% during the 1st quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock valued at $4,649,000 after buying an additional 69 shares during the last quarter. Finally, Fortis Capital Management LLC grew its position in shares of ExxonMobil by 2.0% during the fourth quarter. Fortis Capital Management LLC now owns 3,603 shares of the oil and gas company’s stock worth $434,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Price Performance

Shares of NYSE XOM opened at $145.79 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $604.31 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 0.59 and a beta of 0.17. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The business has a 50 day simple moving average of $145.72 and a 200-day simple moving average of $146.30.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. The firm had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the business posted $1.76 earnings per share. As a group, equities research analysts expect that ExxonMobil Corporation will post 11.43 earnings per share for the current year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio is 69.48%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on XOM. DZ Bank upgraded shares of ExxonMobil to a “strong-buy” rating in a research note on Monday, July 6th. Jefferies Financial Group increased their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Wolfe Research lowered shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. Citigroup reissued a “neutral” rating on shares of ExxonMobil in a research report on Wednesday, July 8th. Finally, Weiss Ratings lowered shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ExxonMobil has an average rating of “Moderate Buy” and an average target price of $164.45.

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.