Exxon Mobil Co. (NYSE:XOM) Stake Reduced by Total Investment Management Inc.

Total Investment Management Inc. decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 64.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,170 shares of the oil and gas company’s stock after selling 3,988 shares during the quarter. Total Investment Management Inc.’s holdings in Exxon Mobil were worth $250,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC grew its stake in shares of Exxon Mobil by 16.0% in the second quarter. Ashton Thomas Private Wealth LLC now owns 100,125 shares of the oil and gas company’s stock worth $11,526,000 after purchasing an additional 13,792 shares in the last quarter. Baker Boyer National Bank grew its stake in shares of Exxon Mobil by 8.2% in the second quarter. Baker Boyer National Bank now owns 4,148 shares of the oil and gas company’s stock worth $478,000 after purchasing an additional 316 shares in the last quarter. Moser Wealth Advisors LLC grew its stake in shares of Exxon Mobil by 3.2% in the second quarter. Moser Wealth Advisors LLC now owns 14,473 shares of the oil and gas company’s stock worth $1,666,000 after purchasing an additional 442 shares in the last quarter. Horan Capital Advisors LLC. grew its stake in shares of Exxon Mobil by 1.4% in the second quarter. Horan Capital Advisors LLC. now owns 6,697 shares of the oil and gas company’s stock worth $771,000 after purchasing an additional 92 shares in the last quarter. Finally, First Foundation Advisors grew its stake in shares of Exxon Mobil by 0.7% in the second quarter. First Foundation Advisors now owns 81,390 shares of the oil and gas company’s stock worth $9,370,000 after purchasing an additional 561 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.0 %

Shares of NYSE XOM opened at $109.70 on Thursday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The firm has a market capitalization of $432.55 billion, a PE ratio of 13.44, a PEG ratio of 4.48 and a beta of 0.90. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $115.77 and a two-hundred day moving average price of $114.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the company posted $1.94 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, analysts predict that Exxon Mobil Co. will post 8.37 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Wall Street Analyst Weigh In

XOM has been the subject of several research analyst reports. Morgan Stanley restated an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Wolfe Research initiated coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Wells Fargo & Company cut their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Barclays cut their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.