Middleton & Co. Inc. MA Sells 3,197 Shares of Exxon Mobil Co. (NYSE:XOM)

Middleton & Co. Inc. MA lowered its position in Exxon Mobil Co. (NYSE:XOM) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,137 shares of the oil and gas company’s stock after selling 3,197 shares during the quarter. Exxon Mobil accounts for about 1.7% of Middleton & Co. Inc. MA’s holdings, making the stock its 19th largest position. Middleton & Co. Inc. MA’s holdings in Exxon Mobil were worth $14,636,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in Exxon Mobil by 532.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after buying an additional 14,158,054 shares in the last quarter. Global Assets Advisory LLC boosted its stake in Exxon Mobil by 16,399.4% in the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after buying an additional 12,540,435 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Exxon Mobil by 565.3% in the 4th quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock valued at $1,317,817,000 after buying an additional 11,199,696 shares in the last quarter. Primecap Management Co. CA acquired a new stake in Exxon Mobil in the 2nd quarter valued at $980,210,000. Finally, Capital International Investors boosted its stake in Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after buying an additional 5,523,429 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Wolfe Research assumed coverage on Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. UBS Group decreased 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 objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday. Barclays reduced 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. Finally, Wells Fargo & Company reduced their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.76.

Exxon Mobil Trading Up 1.3 %

Shares of XOM opened at $116.02 on Friday. 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 12-month low of $95.77 and a 12-month high of $123.75. The firm 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 stock’s fifty day simple moving average is $115.84 and its 200-day simple moving average is $115.25.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.94 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 8.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed 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 of this dividend 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%.

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.