Exxon Mobil Co. (NYSE:XOM) Shares Sold by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 104,187 shares of the oil and gas company’s stock after selling 518 shares during the period. Exxon Mobil makes up about 2.8% of Ipswich Investment Management Co. Inc.’s investment portfolio, making the stock its 4th largest position. Ipswich Investment Management Co. Inc.’s holdings in Exxon Mobil were worth $11,994,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of XOM. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil during the 1st quarter worth approximately $25,000. First Pacific Financial acquired a new stake in Exxon Mobil during the 1st quarter valued at $34,000. Partnership Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $46,000. Lynx Investment Advisory purchased a new position in Exxon Mobil in the 2nd quarter valued at about $47,000. Finally, Vima LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $50,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock traded up $0.88 during trading hours on Wednesday, reaching $118.74. The stock had a trading volume of 1,442,932 shares, compared to its average volume of 17,233,420. The firm has a market capitalization of $468.19 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The firm has a 50-day simple moving average of $114.37 and a 200-day simple moving average of $113.15. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Mizuho increased their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Sanford C. Bernstein cut their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, Barclays lowered their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $134.39.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.