ASB Consultores LLC Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

ASB Consultores LLC trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 32.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,119 shares of the oil and gas company’s stock after selling 3,401 shares during the period. ASB Consultores LLC’s holdings in Exxon Mobil were worth $820,000 as of its most recent SEC filing.

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

Exxon Mobil Stock Performance

XOM stock opened at $115.27 on Friday. The firm has a market cap of $454.51 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 4.38 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The business’s fifty day simple moving average is $115.88 and its two-hundred day simple moving average is $115.33.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (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 business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the prior year, the company earned $1.94 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 8.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

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 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 3.30%. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. UBS Group dropped their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday. Truist Financial reduced their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Wolfe Research initiated coverage on Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective for the company. Mizuho increased their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given 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 target price of $135.76.

About Exxon Mobil

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.