Good Life Advisors LLC Has $3.25 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Good Life Advisors LLC decreased its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,416 shares of the oil and gas company’s stock after selling 1,917 shares during the period. Good Life Advisors LLC’s holdings in Exxon Mobil were worth $3,245,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Corrado Advisors LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $28,000. Clear Perspectives Financial Planning LLC lifted its stake in shares of Exxon Mobil by 259.0% in the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 272 shares during the period. Koesten Hirschmann & Crabtree INC. acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $36,000. Align Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $38,000. Finally, Red Tortoise LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at $46,000. Institutional investors own 57.49% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction of $290,275.00. Following the completion of the sale, the vice president now owns 29,272 shares in the company, valued at approximately $3,398,771.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on XOM shares. Wells Fargo & Company lifted their target price on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. B. Riley increased their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Morgan Stanley raised their price objective on Exxon Mobil from $118.00 to $122.00 in a research report on Tuesday, May 2nd. The Goldman Sachs Group downgraded shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Monday, May 1st. Finally, Scotiabank cut shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $140.00 to $135.00 in a research report on Thursday, April 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.30.

Exxon Mobil Stock Down 0.5 %

Shares of XOM stock traded down $0.56 during mid-day trading on Friday, reaching $105.10. 4,744,280 shares of the company were exchanged, compared to its average volume of 16,184,392. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46. Exxon Mobil Co. has a fifty-two week low of $80.69 and a fifty-two week high of $119.92. The business’s 50 day simple moving average is $110.33 and its 200 day simple moving average is $110.59. The company has a market capitalization of $424.92 billion, a P/E ratio of 7.23, a P/E/G ratio of 0.63 and a beta of 1.09.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The business had revenue of $86.56 billion during the quarter, compared to the consensus estimate of $90.07 billion. During the same quarter in the prior year, the firm earned $2.07 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 9.59 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th will be given a $0.91 dividend. The ex-dividend date of this dividend is Monday, May 15th. This represents a $3.64 annualized dividend and a yield of 3.46%. Exxon Mobil’s payout ratio is 24.64%.

Exxon Mobil Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.