Regency Capital Management Inc. DE Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

Regency Capital Management Inc. DE decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,305 shares of the oil and gas company’s stock after selling 215 shares during the quarter. Regency Capital Management Inc. DE’s holdings in Exxon Mobil were worth $380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of XOM. J. W. Coons Advisors LLC increased its holdings in Exxon Mobil by 0.5% during the 4th quarter. J. W. Coons Advisors LLC now owns 39,609 shares of the oil and gas company’s stock valued at $3,960,000 after acquiring an additional 208 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Exxon Mobil by 0.6% during the 4th quarter. Eagle Asset Management Inc. now owns 93,495 shares of the oil and gas company’s stock worth $9,348,000 after purchasing an additional 593 shares during the last quarter. Prudent Man Advisors LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at approximately $623,000. CWA Asset Management Group LLC grew its holdings in Exxon Mobil by 23.4% during the 4th quarter. CWA Asset Management Group LLC now owns 28,191 shares of the oil and gas company’s stock valued at $2,819,000 after buying an additional 5,349 shares during the last quarter. Finally, Hudson Edge Investment Partners Inc. raised its holdings in shares of Exxon Mobil by 2.7% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 52,604 shares of the oil and gas company’s stock worth $5,259,000 after acquiring an additional 1,376 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $117.21 on Tuesday. The company has a market cap of $462.16 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month 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 stock’s 50-day moving average is $115.80 and its 200-day moving average is $115.75.

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 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 firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the previous year, the company posted $1.94 earnings per share. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 8.06 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.24%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on XOM shares. Barclays decreased their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Truist Financial reduced their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday. Wolfe Research began coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. Finally, Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $134.75.

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.