Exxon Mobil Co. (NYSE:XOM) Shares Sold by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 5.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 16,787 shares of the oil and gas company’s stock after selling 885 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Exxon Mobil were worth $1,386,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in XOM. GoalVest Advisory LLC purchased a new stake in shares of Exxon Mobil in the first quarter worth about $38,000. Guardian Wealth Management Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $30,000. Horan Securities Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $31,000. West Bancorporation Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $32,000. Finally, First Quadrant LLC CA boosted its stake in shares of Exxon Mobil by 236.8% in the first quarter. First Quadrant LLC CA now owns 522 shares of the oil and gas company’s stock worth $43,000 after buying an additional 367 shares during the last quarter. 54.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction that occurred 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 sale, the vice president now owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the sale, the vice president now owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were 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 approximately $3,121,620.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,147 shares of company stock valued at $698,858. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $87.19 on Friday. The stock has a market capitalization 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 Co. has a 52-week low of $52.10 and a 52-week high of $105.57. The stock’s 50-day moving average price is $91.11 and its 200 day moving average price is $85.81. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21.

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

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Thursday, August 11th. Exxon Mobil’s dividend payout ratio is presently 38.51%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on XOM. Morgan Stanley lowered their target price on Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 19th. HSBC increased their price target on Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a research report on Wednesday, July 20th. Barclays increased their price target on Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 31st. The Goldman Sachs Group increased their price target on Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Finally, Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $96.40.

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.

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

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