Exxon Mobil Co. (NYSE:XOM) Shares Sold by Boltwood Capital Management

Boltwood Capital Management lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,717 shares of the oil and gas company’s stock after selling 1,820 shares during the quarter. Exxon Mobil comprises about 1.0% of Boltwood Capital Management’s holdings, making the stock its 28th biggest holding. Boltwood Capital Management’s holdings in Exxon Mobil were worth $2,758,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Axiom Financial Strategies LLC raised its holdings in Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc acquired a new stake in Exxon Mobil in the first quarter valued at approximately $275,000. Loomis Sayles & Co. L P raised its holdings in Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after acquiring an additional 13,065 shares in the last quarter. Ergoteles LLC raised its holdings in Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after acquiring an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in Exxon Mobil in the first quarter valued at approximately $237,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey W. Ubben purchased 458,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the acquisition, the director now owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $116.72 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The firm has a market cap of $467.25 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08. The company’s 50 day simple moving average is $108.38 and its 200-day simple moving average is $108.47. Exxon Mobil Co. has a 12-month low of $83.89 and a 12-month high of $119.92.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The business had revenue of $82.91 billion for the quarter, compared to analysts’ expectations of $81.80 billion. During the same quarter last year, the business posted $4.14 earnings per share. The business’s revenue was down 28.3% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil Co. will post 8.94 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio is presently 29.12%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several analyst reports. Morgan Stanley raised their target price on shares of Exxon Mobil from $121.00 to $124.00 and gave the company an “overweight” rating in a report on Friday, August 18th. Mizuho raised their target price on shares of Exxon Mobil from $130.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, August 16th. UBS Group raised their target price on shares of Exxon Mobil from $135.00 to $139.00 and gave the company a “buy” rating in a report on Thursday, August 17th. HSBC increased their price target on shares of Exxon Mobil from $110.00 to $116.00 in a research note on Wednesday, August 9th. Finally, Redburn Partners upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and increased their price target for the company from $100.00 to $105.00 in a research note on Thursday, August 31st. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $123.43.

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.