Exxon Mobil Co. (NYSE:XOM) Stake Decreased by Threadgill Financial LLC

Threadgill Financial LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 72.4% during the 1st quarter, HoldingsChannel reports. The fund owned 10,047 shares of the oil and gas company’s stock after selling 26,297 shares during the period. Exxon Mobil accounts for 2.6% of Threadgill Financial LLC’s portfolio, making the stock its 10th largest position. Threadgill Financial LLC’s holdings in Exxon Mobil were worth $824,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. EWG Elevate Inc. purchased a new position in shares of Exxon Mobil during the 1st quarter worth about $217,000. Bowling Portfolio Management LLC lifted its holdings in shares of Exxon Mobil by 60.1% during the 1st quarter. Bowling Portfolio Management LLC now owns 54,603 shares of the oil and gas company’s stock worth $4,510,000 after acquiring an additional 20,492 shares during the period. Pure Financial Advisors LLC raised its holdings in Exxon Mobil by 15.3% in the first quarter. Pure Financial Advisors LLC now owns 8,412 shares of the oil and gas company’s stock valued at $695,000 after buying an additional 1,119 shares during the period. Brookstone Capital Management raised its holdings in Exxon Mobil by 1.5% in the first quarter. Brookstone Capital Management now owns 163,452 shares of the oil and gas company’s stock valued at $13,705,000 after buying an additional 2,482 shares during the period. Finally, Insight Wealth Strategies LLC raised its holdings in Exxon Mobil by 314.3% in the first quarter. Insight Wealth Strategies LLC now owns 13,970 shares of the oil and gas company’s stock valued at $1,154,000 after buying an additional 10,598 shares during the period. Institutional investors and hedge funds own 54.07% of the company’s stock.

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the transaction, the vice president now owns 32,510 shares of the company’s stock, valued at $3,142,091.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the transaction, the vice president now directly owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

XOM has been the topic of several research reports. Argus raised their price target on shares of Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. JPMorgan Chase & Co. set a $100.00 price target on shares of Exxon Mobil in a report on Tuesday, March 29th. Cowen raised their price target on shares of Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and raised their price target for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $89.24.

XOM stock opened at $87.86 on Thursday. Exxon Mobil Co. has a twelve month low of $52.10 and a twelve month high of $105.57. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $370.11 billion, a P/E ratio of 14.57, a PEG ratio of 0.35 and a beta of 1.05. The firm has a 50 day simple moving average of $91.53 and a 200-day simple moving average of $80.64.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company had revenue of $90.50 billion for the quarter, compared to analyst estimates of $83.57 billion. During the same period in the previous year, the business posted $0.65 EPS. The firm’s quarterly revenue was up 53.0% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Co. will post 10.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Thursday, May 12th. Exxon Mobil’s dividend payout ratio is presently 58.37%.

About Exxon Mobil (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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