HBK Sorce Advisory LLC Lowers Position in Exxon Mobil Co. (NYSE:XOM)

HBK Sorce Advisory LLC trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,218 shares of the oil and gas company’s stock after selling 2,503 shares during the period. HBK Sorce Advisory LLC’s holdings in Exxon Mobil were worth $5,817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Exxon Mobil by 49.8% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 63,622 shares of the oil and gas company’s stock valued at $3,552,000 after purchasing an additional 21,138 shares in the last quarter. Gradient Investments LLC grew its holdings in Exxon Mobil by 0.8% during the 2nd quarter. Gradient Investments LLC now owns 315,511 shares of the oil and gas company’s stock valued at $19,902,000 after buying an additional 2,364 shares in the last quarter. Waddell & Reed Financial Inc. grew its holdings in Exxon Mobil by 33.9% during the 1st quarter. Waddell & Reed Financial Inc. now owns 240,859 shares of the oil and gas company’s stock valued at $13,447,000 after buying an additional 60,923 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Exxon Mobil by 66.5% in the 1st quarter. Neuberger Berman Group LLC now owns 2,341,877 shares of the oil and gas company’s stock worth $130,166,000 after acquiring an additional 935,689 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Exxon Mobil by 51.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 337,299 shares of the oil and gas company’s stock worth $21,276,000 after acquiring an additional 114,010 shares in the last quarter. Institutional investors own 51.73% of the company’s stock.

XOM has been the topic of a number of recent research reports. BMO Capital Markets started coverage on shares of Exxon Mobil in a research note on Monday, July 12th. They set a “market perform” rating and a $69.00 price target on the stock. DZ Bank downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating and lowered their price target for the company from $67.00 to $62.50 in a report on Tuesday, August 3rd. Wells Fargo & Company boosted their price objective on Exxon Mobil from $67.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 30th. raised their price objective on Exxon Mobil from $56.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, July 1st. Finally, Morgan Stanley raised Exxon Mobil to a “strong-buy” rating and set a $72.00 target price on the stock in a research report on Friday, June 18th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.94.

Shares of XOM stock traded up $2.07 on Monday, hitting $59.66. The stock had a trading volume of 1,093,164 shares, compared to its average volume of 25,191,336. Exxon Mobil Co. has a one year low of $31.11 and a one year high of $64.93. The business has a 50 day moving average price of $55.94 and a 200 day moving average price of $58.25. The company has a market cap of $252.57 billion, a PE ratio of -18.52, a P/E/G ratio of 0.69 and a beta of 1.44. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.27.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Thursday, July 29th. The oil and gas company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.08. Exxon Mobil had a negative net margin of 6.07% and a positive return on equity of 3.98%. The business had revenue of $67.74 billion for the quarter, compared to the consensus estimate of $63.96 billion. During the same quarter last year, the firm posted ($0.70) EPS. The company’s revenue for the quarter was up 107.8% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 4.55 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 13th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 5.83%. Exxon Mobil’s dividend payout ratio is currently -1,054.55%.

About Exxon Mobil

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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

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