AXS Investments LLC Sells 1,126 Shares of Exxon Mobil Co. (NYSE:XOM)

AXS Investments LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 21.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,238 shares of the oil and gas company’s stock after selling 1,126 shares during the period. AXS Investments LLC’s holdings in Exxon Mobil were worth $455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich grew its position in Exxon Mobil by 100,169.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,032,339,935 shares of the oil and gas company’s stock worth $110,718,458,000 after purchasing an additional 1,031,310,373 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after acquiring an additional 123,254,064 shares during the period. Norges Bank bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $5,226,390,000. Price T Rowe Associates Inc. MD grew its position in shares of Exxon Mobil by 16.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company’s stock valued at $5,218,954,000 after acquiring an additional 6,580,247 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Exxon Mobil by 188.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,740,551 shares of the oil and gas company’s stock valued at $327,573,000 after acquiring an additional 5,711,599 shares during the period. 58.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XOM. JPMorgan Chase & Co. reduced their target price on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Mizuho reduced their target price on shares of Exxon Mobil from $139.00 to $133.00 and set a “buy” rating for the company in a research report on Tuesday, November 14th. Redburn Partners raised shares of Exxon Mobil from a “sell” rating to a “neutral” rating and increased their target price for the company from $100.00 to $105.00 in a research report on Thursday, August 31st. StockNews.com initiated coverage on shares of Exxon Mobil in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Finally, UBS Group dropped their price target on shares of Exxon Mobil from $143.00 to $142.00 and set a “buy” rating on the stock in a research note on Thursday, November 2nd. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the transaction, the vice president now owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The transaction was disclosed in a legal 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 shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the transaction, the vice president now owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey W. Ubben bought 250,000 shares of Exxon Mobil stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $105.97 per share, for a total transaction of $26,492,500.00. Following the acquisition, the director now owns 2,077,000 shares in the company, valued at approximately $220,099,690. The disclosure for this purchase can be found here. 0.06% of the stock is owned by insiders.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $104.96 on Friday. The firm’s fifty day moving average price is $110.60 and its 200-day moving average price is $108.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.08 and a current ratio of 1.42. The stock has a market cap of $415.95 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 3.72 and a beta of 1.07. Exxon Mobil Co. has a fifty-two week low of $98.02 and a fifty-two week high of $120.70.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $2.27 earnings per share for the quarter, missing the consensus estimate of $2.36 by ($0.09). The company had revenue of $90.76 billion for the quarter, compared to analysts’ expectations of $93.41 billion. Exxon Mobil had a net margin of 11.56% and a return on equity of 20.72%. The business’s quarterly revenue was down 19.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.45 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 9.3 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.62%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.91. Exxon Mobil’s dividend payout ratio (DPR) is 37.74%.

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.