L & S Advisors Inc reduced its position in Exxon Mobil Co. (NYSE:XOM) by 19.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,537 shares of the oil and gas company’s stock after selling 13,565 shares during the quarter. L & S Advisors Inc’s holdings in Exxon Mobil were worth $4,409,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canandaigua National Bank & Trust Co. grew its position in shares of Exxon Mobil by 1.3% during 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 acquiring an additional 3,357 shares during the last quarter. Krueger & Catalano Capital Partners LLC lifted its holdings 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 during the last quarter. Chesley Taft & Associates LLC lifted its holdings 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 during the last quarter. Mount Vernon Associates Inc. MD lifted its holdings 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 during the last quarter. Finally, Alpha Cubed Investments LLC lifted its stake in Exxon Mobil by 2.0% during the second quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock valued at $19,158,000 after buying an additional 4,922 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:XOM 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 company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. The business’s 50 day simple moving average is $70.51 and its two-hundred day simple moving average is $76.00. The firm has a market cap of $304.94 billion, a P/E ratio of 14.66, a PEG ratio of 2.15 and a beta of 0.99.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. Exxon Mobil’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 3.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 4.82%. The ex-dividend date was Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.
In related news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the transaction, the vice president now directly owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.05% of the stock is currently owned by insiders.
A number of analysts have recently issued reports on the stock. Royal Bank of Canada reissued a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a research report on Friday, August 2nd. Bank of America reiterated a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a report on Monday, August 5th. Independent Research set a $74.00 price target on Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, August 29th. Credit Suisse Group set a $74.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley reduced their price objective on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company’s stock. Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $81.13.
About Exxon Mobil
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.
Read More: What is insider trading?
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: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.