OneDigital Investment Advisors LLC Reduces Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

OneDigital Investment Advisors LLC lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,012 shares of the oil and gas company’s stock after selling 8,545 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Exxon Mobil were worth $15,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. 10Elms LLP purchased a new position in Exxon Mobil during the fourth quarter valued at $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $32,000. Clarity Asset Management Inc. raised its stake in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 100 shares during the period. Finally, Banque de Luxembourg S.A. bought a new position in shares of Exxon Mobil in the fourth quarter worth approximately $51,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on XOM. Mizuho lowered their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. TD Cowen increased their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Finally, Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.40.

Exxon Mobil Trading Up 1.0%

Shares of XOM stock opened at $112.15 on Friday. The stock’s 50 day simple moving average is $107.32 and its two-hundred day simple moving average is $108.52. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a market cap of $483.33 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share 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 business had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter in the previous year, the business posted $2.06 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. Research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.