Delap Wealth Advisory LLC Sells 7,014 Shares of Exxon Mobil Co. (NYSE:XOM)

Delap Wealth Advisory LLC cut its position in Exxon Mobil Co. (NYSE:XOM) by 72.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,610 shares of the oil and gas company’s stock after selling 7,014 shares during the quarter. Delap Wealth Advisory LLC’s holdings in Exxon Mobil were worth $300,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in XOM. FPC Investment Advisory Inc. bought a new position in Exxon Mobil in the first quarter worth about $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC grew its stake in shares of 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 worth $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth about $39,000. Finally, POM Investment Strategies LLC grew its stake in shares of 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 worth $43,000 after acquiring an additional 340 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 0.6 %

Shares of XOM stock opened at $115.27 on Friday. The stock has a 50 day simple moving average of $115.88 and a 200-day simple moving average of $115.40. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. 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 company 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.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $90.09 billion. During the same period in the prior year, the company earned $1.94 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.30%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on XOM. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. UBS Group dropped their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday. Mizuho boosted their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Wells Fargo & Company dropped their target price on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Barclays lowered their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Seven 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.76.

Exxon Mobil Company 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.