Affiance Financial LLC Lowers Stake in Exxon Mobil Co. (NYSE:XOM)

Affiance Financial LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,994 shares of the oil and gas company’s stock after selling 205 shares during the quarter. Affiance Financial LLC’s holdings in Exxon Mobil were worth $345,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Kinsale Capital Group Inc. raised its position in shares of Exxon Mobil by 33.0% during the 4th quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock worth $3,896,000 after purchasing an additional 9,657 shares during the last quarter. Buckingham Capital Management Inc. raised its position in shares of Exxon Mobil by 24.4% during the 4th quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock worth $1,039,000 after purchasing an additional 2,040 shares during the last quarter. Cooksen Wealth LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $136,000. Mizuho Markets Americas LLC raised its position in shares of Exxon Mobil by 37.8% during the 4th quarter. Mizuho Markets Americas LLC now owns 41,711 shares of the oil and gas company’s stock worth $4,170,000 after purchasing an additional 11,434 shares during the last quarter. Finally, Scarborough Advisors LLC raised its position in shares of Exxon Mobil by 720.2% during the 4th quarter. Scarborough Advisors LLC now owns 15,978 shares of the oil and gas company’s stock worth $1,597,000 after purchasing an additional 14,030 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.8 %

XOM stock opened at $113.19 on Friday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The firm’s 50 day moving average price is $115.99 and its 200-day moving average price is $114.66. The firm has a market cap of $446.31 billion, a PE ratio of 13.87, a PEG ratio of 4.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter last year, the firm earned $1.94 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Co. will post 8.37 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a $0.95 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.36%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays reduced their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Mizuho raised their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Wells Fargo & Company decreased their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Sanford C. Bernstein decreased their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $136.29.

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.