L & S Advisors Inc lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 19.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,537 shares of the oil and gas company’s stock after selling 13,565 shares during the period. L & S Advisors Inc’s holdings in Exxon Mobil were worth $4,409,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Canandaigua National Bank & Trust Co. increased its position in Exxon Mobil by 1.3% in the second quarter. Canandaigua National Bank & Trust Co. now owns 262,510 shares of the oil and gas company’s stock worth $20,116,000 after purchasing an additional 3,357 shares during the period. Krueger & Catalano Capital Partners LLC lifted its stake in Exxon Mobil by 61.2% in the 2nd quarter. Krueger & Catalano Capital Partners LLC now owns 11,920 shares of the oil and gas company’s stock valued at $913,000 after acquiring an additional 4,525 shares in the last quarter. Chesley Taft & Associates LLC lifted its stake in Exxon Mobil by 0.8% in the 2nd quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock valued at $13,548,000 after acquiring an additional 1,440 shares in the last quarter. Mount Vernon Associates Inc. MD lifted its stake in Exxon Mobil by 83.4% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 13,423 shares of the oil and gas company’s stock valued at $1,029,000 after acquiring an additional 6,103 shares in the last quarter. Finally, Alpha Cubed Investments LLC lifted its stake in Exxon Mobil by 2.0% in the 2nd quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock valued at $19,158,000 after acquiring an additional 4,922 shares in the last quarter. 54.48% of the stock is owned by institutional investors.
XOM stock opened at $72.25 on Friday. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $87.36. The stock has a market capitalization of $304.94 billion, a P/E ratio of 14.66, a P/E/G ratio of 2.15 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $70.51 and a 200-day simple moving average of $76.00.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend was Monday, August 12th. Exxon Mobil’s payout ratio is currently 70.59%.
In other news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, the vice president now directly owns 189,800 shares in the company, valued at $13,445,432. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.05% of the company’s stock.
Several research firms have commented on XOM. JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the company a “hold” rating in a research note on Sunday, August 4th. Independent Research set a $74.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research note on Thursday, August 29th. Credit Suisse Group set a $74.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. Berenberg Bank reaffirmed a “hold” rating and set a $76.00 price target on shares of Exxon Mobil in a research report on Wednesday, August 7th. Finally, DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and decreased their target price for the stock from $72.00 to $70.00 in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $81.13.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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