BigSur Wealth Management LLC Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

BigSur Wealth Management LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,466 shares of the oil and gas company’s stock after selling 333 shares during the period. BigSur Wealth Management LLC’s holdings in Exxon Mobil were worth $1,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil during the first quarter valued at $25,000. First Pacific Financial purchased a new position in shares of Exxon Mobil in the 1st quarter valued at about $34,000. Partnership Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth approximately $46,000. Lynx Investment Advisory acquired a new stake in Exxon Mobil in the second quarter valued at approximately $47,000. Finally, Vima LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $50,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 3.3 %

Shares of NYSE XOM traded down $3.95 during midday trading on Tuesday, reaching $114.58. 15,258,534 shares of the stock were exchanged, compared to its average volume of 17,177,977. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock has a market capitalization of $451.79 billion, a P/E ratio of 14.26, a PEG ratio of 4.51 and a beta of 0.91. The company has a 50 day simple moving average of $114.80 and a 200 day simple moving average of $113.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

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, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.94 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on XOM shares. Wells Fargo & Company decreased their target price on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Mizuho lifted their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. TD Cowen upped their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, Sanford C. Bernstein reduced their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.56.

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.