Hall Laurie J Trustee Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Hall Laurie J Trustee decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,792 shares of the oil and gas company’s stock after selling 200 shares during the period. Hall Laurie J Trustee’s holdings in Exxon Mobil were worth $1,127,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC grew its position in shares of Exxon Mobil by 3.2% during the 4th quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock valued at $4,918,000 after buying an additional 1,539 shares during the last quarter. Tennessee Valley Asset Management Partners grew its position in shares of Exxon Mobil by 4.3% during the 4th quarter. Tennessee Valley Asset Management Partners now owns 5,611 shares of the oil and gas company’s stock valued at $561,000 after buying an additional 232 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $546,000. Onyx Bridge Wealth Group LLC grew its position in shares of Exxon Mobil by 2.5% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 10,900 shares of the oil and gas company’s stock valued at $1,090,000 after buying an additional 268 shares during the last quarter. Finally, Heirloom Wealth Management grew its position in shares of Exxon Mobil by 1.0% during the 4th quarter. Heirloom Wealth Management now owns 48,573 shares of the oil and gas company’s stock valued at $4,856,000 after buying an additional 494 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 3.3 %

Exxon Mobil stock traded down $3.95 during trading hours on Tuesday, hitting $114.58. The company had a trading volume of 15,589,817 shares, compared to its average volume of 17,180,271. The firm has a market capitalization of $451.79 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. 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’s fifty day moving average is $114.85 and its 200-day moving average is $113.67. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm 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%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 EPS. On average, research 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. Shareholders of record on Thursday, August 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is 46.57%.

Analyst Ratings Changes

A number of research firms have issued reports on XOM. Truist Financial reduced their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Barclays reduced their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. UBS Group boosted their target price on shares of Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company reduced their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average 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.