Accredited Investors Inc. Sells 620 Shares of Exxon Mobil Co. (NYSE:XOM)

Accredited Investors Inc. lowered its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 7.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,312 shares of the oil and gas company’s stock after selling 620 shares during the period. Accredited Investors Inc.’s holdings in Exxon Mobil were worth $604,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp lifted its stake in shares of Exxon Mobil by 0.4% in the 4th quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock worth $15,494,002,000 after purchasing an additional 1,128,974 shares during the period. Geode Capital Management LLC lifted its stake in shares of Exxon Mobil by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock worth $4,322,078,000 after purchasing an additional 3,441,825 shares during the period. Norges Bank bought a new position in shares of Exxon Mobil in the 4th quarter worth approximately $3,184,424,000. GQG Partners LLC lifted its stake in shares of Exxon Mobil by 21.8% in the 4th quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock worth $1,982,114,000 after purchasing an additional 5,807,202 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Exxon Mobil by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,619,880 shares of the oil and gas company’s stock worth $1,873,632,000 after purchasing an additional 164,733 shares during the period. Institutional investors own 54.07% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent research reports. Barclays increased their price objective on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 31st. Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. The Goldman Sachs Group increased their target price on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Cowen increased their target price on shares of Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Finally, Morgan Stanley reduced their target price on shares of Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently 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 2,147 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 sale, the vice president now directly owns 27,863 shares in the company, valued at $2,635,839.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,147 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The disclosure for this sale can be found here. Insiders sold a total of 7,147 shares of company stock worth $698,858 over the last three months. 0.04% of the stock is owned by insiders.

Exxon Mobil Trading Down 4.2 %

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

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be given 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 is presently 38.51%.

Exxon Mobil Company Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMGet Rating).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.