Exxon Mobil Co. (NYSE:XOM) Stock Position Lowered by Aull & Monroe Investment Management Corp

Aull & Monroe Investment Management Corp lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 43,333 shares of the oil and gas company’s stock after selling 1,834 shares during the period. Exxon Mobil accounts for 2.5% of Aull & Monroe Investment Management Corp’s investment portfolio, making the stock its 11th largest position. Aull & Monroe Investment Management Corp’s holdings in Exxon Mobil were worth $4,988,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

XOM has been the topic of several recent analyst reports. Mizuho boosted their target price 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. Truist Financial dropped their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Morgan Stanley restated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Wells Fargo & Company dropped their target price on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, HSBC raised their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $134.56.

Exxon Mobil Stock Performance

XOM stock traded down $3.95 during midday trading on Tuesday, hitting $114.58. 15,258,534 shares of the company traded hands, 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 price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The business has a 50 day simple moving average of $114.80 and a 200-day simple moving average of $113.58.

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

Exxon Mobil Announces Dividend

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