Sweeney & Michel LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 13.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,461 shares of the oil and gas company’s stock after selling 548 shares during the period. Sweeney & Michel LLC’s holdings in Exxon Mobil were worth $373,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. KB Financial Partners LLC purchased a new position in shares of Exxon Mobil during the first quarter valued at approximately $27,000. Financial Connections Group Inc. raised its stake in shares of Exxon Mobil by 105.4% during the second quarter. Financial Connections Group Inc. now owns 306 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 157 shares in the last quarter. Artemis Wealth Advisors LLC bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $36,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $38,000. Finally, Country Trust Bank raised its stake in shares of Exxon Mobil by 64.1% during the second quarter. Country Trust Bank now owns 384 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on XOM. Jefferies Financial Group lifted their price target on shares of Exxon Mobil from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. Bank of America lifted their price target on shares of Exxon Mobil from $145.00 to $150.00 in a research note on Wednesday, September 27th. Mizuho reaffirmed a “buy” rating and set a $139.00 price target on shares of Exxon Mobil in a research note on Monday, September 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research note on Thursday, October 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, September 22nd. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $129.55.
Read Our Latest Analysis on XOM
Exxon Mobil Stock Down 0.6 %
XOM stock opened at $104.23 on Tuesday. The firm’s fifty day simple moving average is $111.44 and its 200-day simple moving average is $108.31. The company has a market capitalization of $413.06 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 3.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 1.08. Exxon Mobil Co. has a 12 month low of $98.02 and a 12 month high of $120.70.
Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $2.27 EPS for the quarter, missing the consensus estimate of $2.36 by ($0.09). The business had revenue of $90.76 billion during the quarter, compared to analysts’ expectations of $93.41 billion. Exxon Mobil had a net margin of 11.56% and a return on equity of 20.72%. The firm’s revenue was down 19.0% on a year-over-year basis. During the same period last year, the company earned $4.45 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Co. will post 9.3 earnings per share for the current year.
Exxon Mobil Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.91. This represents a $3.80 dividend on an annualized basis and a yield of 3.65%. Exxon Mobil’s dividend payout ratio is 36.15%.
Insider Buying and Selling
In related news, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jeffrey W. Ubben acquired 250,000 shares of Exxon Mobil stock in a transaction on Monday, November 6th. The stock was bought at an average cost of $105.97 per share, for a total transaction of $26,492,500.00. Following the completion of the transaction, the director now owns 2,077,000 shares of the company’s stock, valued at approximately $220,099,690. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the transaction, the vice president now owns 27,772 shares of the company’s stock, valued at $3,193,780. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by insiders.
Exxon Mobil Profile
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.
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