Kendall Capital Management Sells 605 Shares of Exxon Mobil Co. (NYSE:XOM)

Kendall Capital Management trimmed its position in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 8.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 6,592 shares of the oil and gas company’s stock after selling 605 shares during the quarter. Kendall Capital Management’s holdings in Exxon Mobil were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. LCM Capital Management Inc raised its holdings in shares of Exxon Mobil by 1.3% in the first quarter. LCM Capital Management Inc now owns 10,003 shares of the oil and gas company’s stock worth $826,000 after buying an additional 124 shares during the period. Investors Research Corp grew its stake in Exxon Mobil by 1.6% in the first quarter. Investors Research Corp now owns 7,835 shares of the oil and gas company’s stock worth $647,000 after purchasing an additional 125 shares in the last quarter. Moulton Wealth Management Inc. grew its stake in Exxon Mobil by 1.0% in the first quarter. Moulton Wealth Management Inc. now owns 12,197 shares of the oil and gas company’s stock worth $1,014,000 after purchasing an additional 126 shares in the last quarter. Roble Belko & Company Inc grew its stake in Exxon Mobil by 2.4% in the fourth quarter. Roble Belko & Company Inc now owns 5,508 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 129 shares in the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC grew its stake in Exxon Mobil by 0.8% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 17,330 shares of the oil and gas company’s stock worth $1,060,000 after purchasing an additional 130 shares in the last quarter. 54.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on XOM shares. The Goldman Sachs Group increased their price objective on Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Cowen increased their price objective on Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Royal Bank of Canada raised Exxon Mobil from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $90.00 to $100.00 in a research note on Thursday, April 21st. Citigroup increased their target price on Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, May 19th. Finally, Bank of America increased their target price on Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $96.40.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the transaction, the vice president now owns 27,863 shares in the company, valued at approximately $2,635,839.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the transaction, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the transaction, the vice president now owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. Insiders sold 7,147 shares of company stock worth $698,858 in the last 90 days. Insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $87.19 on Friday. The firm has a market capitalization of $367.29 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 0.32 and a beta of 1.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. The business has a fifty day moving average of $91.11 and a 200 day moving average of $85.81. Exxon Mobil Co. has a 1 year low of $52.10 and a 1 year high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last issued its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.74 by $0.40. The company had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The firm’s quarterly revenue was up 70.8% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 12.24 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a yield of 4.04%. Exxon Mobil’s dividend payout ratio (DPR) is 38.51%.

Exxon Mobil Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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