Leuthold Group LLC Sells 731 Shares of Exxon Mobil Co. (NYSE:XOM)

Leuthold Group LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,368 shares of the oil and gas company’s stock after selling 731 shares during the quarter. Exxon Mobil accounts for about 1.0% of Leuthold Group LLC’s investment portfolio, making the stock its 26th largest holding. Leuthold Group LLC’s holdings in Exxon Mobil were worth $9,022,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in XOM. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil during the 1st quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the second quarter valued at $35,000. Anfield Capital Management LLC increased its position in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. POM Investment Strategies LLC boosted its position in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the last quarter. Finally, Lynx Investment Advisory bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 1.3 %

Shares of XOM opened at $116.02 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a 50 day simple moving average of $115.84 and a two-hundred day simple moving average of $115.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The firm has a market cap of $457.47 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the previous year, the firm posted $1.94 EPS. Exxon Mobil’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil Co. will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.28%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on XOM shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Morgan Stanley decreased their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday. Wolfe Research started coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective for the company. UBS Group decreased their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company cut their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $135.76.

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.