Exxon Mobil Co. (NYSE:XOM) Shares Sold by IVC Wealth Advisors LLC

IVC Wealth Advisors LLC decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 10.3% during the second quarter, Holdings Channel reports. The institutional investor owned 7,312 shares of the oil and gas company’s stock after selling 838 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Exxon Mobil were worth $842,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil during the 1st quarter worth about $25,000. First Pacific Financial acquired a new position in shares of Exxon Mobil during the 1st quarter worth approximately $34,000. Lynx Investment Advisory purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at approximately $47,000. Partnership Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth $46,000. Finally, Vima LLC purchased a new position in Exxon Mobil during the fourth quarter valued at $50,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. HSBC raised their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Barclays decreased their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Wolfe Research started coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Finally, Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $134.39.

Exxon Mobil Trading Up 1.3 %

Shares of NYSE:XOM traded up $1.56 during mid-day trading on Wednesday, reaching $119.42. 6,905,009 shares of the company were exchanged, compared to its average volume of 17,268,434. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm has a market cap of $470.87 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm’s 50-day simple moving average is $114.37 and its 200 day simple moving average is $113.15.

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

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.18%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Exxon Mobil Profile

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.