MRP Capital Investments LLC Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

MRP Capital Investments LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,444 shares of the oil and gas company’s stock after selling 98 shares during the quarter. MRP Capital Investments LLC’s holdings in Exxon Mobil were worth $857,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. AllGen Financial Advisors Inc. boosted its holdings in Exxon Mobil by 5.7% during the 2nd quarter. AllGen Financial Advisors Inc. now owns 27,931 shares of the oil and gas company’s stock valued at $3,215,000 after acquiring an additional 1,494 shares during the period. Gifford Fong Associates boosted its holdings in Exxon Mobil by 110.1% during the 2nd quarter. Gifford Fong Associates now owns 62,066 shares of the oil and gas company’s stock valued at $7,145,000 after acquiring an additional 32,527 shares during the period. Kentucky Retirement Systems boosted its holdings in Exxon Mobil by 12.1% during the 2nd quarter. Kentucky Retirement Systems now owns 338,043 shares of the oil and gas company’s stock valued at $38,916,000 after acquiring an additional 36,474 shares during the period. Paces Ferry Wealth Advisors LLC boosted its holdings in Exxon Mobil by 18.7% during the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 4,887 shares of the oil and gas company’s stock valued at $563,000 after acquiring an additional 770 shares during the period. Finally, Carolinas Wealth Consulting LLC raised its position in Exxon Mobil by 71.3% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 8,204 shares of the oil and gas company’s stock valued at $944,000 after purchasing an additional 3,415 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

NYSE XOM opened at $116.02 on Friday. The company has a market capitalization of $457.47 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. 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 business’s fifty day moving average is $115.84 and its 200 day moving average is $115.25. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.28%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wells Fargo & Company lowered their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Morgan Stanley reduced their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Wolfe Research started coverage on Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price on the stock. Finally, UBS Group cut their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price 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.