PFG Advisors Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

PFG Advisors lessened its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,322 shares of the oil and gas company’s stock after selling 654 shares during the quarter. PFG Advisors’ holdings in Exxon Mobil were worth $3,025,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Guardian Wealth Management Inc. purchased a new position in Exxon Mobil in the 4th quarter worth approximately $30,000. GW&K Investment Management LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $32,000. CFS Investment Advisory Services LLC raised its position in shares of Exxon Mobil by 8,482.4% in the 1st quarter. CFS Investment Advisory Services LLC now owns 1,644,137 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 1,624,980 shares in the last quarter. GoalVest Advisory LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $38,000. Finally, Dravo Bay LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 56.84% of the company’s stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, Director Jeffrey W. Ubben purchased 960,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was bought at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the purchase, the director now owns 1,137,000 shares in the company, valued at approximately $100,635,870. The transaction was disclosed in a document filed 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 dated Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the transaction, the vice president now owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey W. Ubben bought 960,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were purchased at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the purchase, the director now directly owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America upped 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, August 1st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, August 11th. Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and upped their target price for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Barclays upped their price target on Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Finally, The Goldman Sachs Group upped their price target on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Two equities research 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. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Hold” and an average target price of $96.69.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $90.57 on Friday. Exxon Mobil Co. has a 1-year low of $55.28 and a 1-year high of $105.57. The firm has a market capitalization of $377.46 billion, a PE ratio of 9.91, a P/E/G ratio of 0.31 and a beta of 1.07. The business’s fifty day moving average price is $93.05 and its two-hundred day moving average price is $89.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The company had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. During the same quarter in the prior year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was up 70.8% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 12.67 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 annualized dividend and a dividend yield of 3.89%. Exxon Mobil’s payout ratio is 38.51%.

Exxon Mobil Company 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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