Diversified Portfolios Inc. Sells 1,535 Shares of Exxon Mobil Co. (NYSE:XOM)

Diversified Portfolios Inc. lessened its position in Exxon Mobil Co. (NYSE:XOM) by 19.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,377 shares of the oil and gas company’s stock after selling 1,535 shares during the quarter. Diversified Portfolios Inc.’s holdings in Exxon Mobil were worth $734,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil during the first quarter valued at approximately $25,000. First Pacific Financial bought a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $34,000. Partnership Wealth Management LLC purchased a new position in Exxon Mobil during the 4th quarter valued at $46,000. Lynx Investment Advisory bought a new position in Exxon Mobil in the 2nd quarter valued at $47,000. Finally, Vima LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $50,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.6 %

Shares of NYSE XOM traded down $0.73 during trading hours on Wednesday, hitting $113.85. 11,747,229 shares of the stock were exchanged, compared to its average volume of 17,146,547. The company has a market cap of $448.91 billion, a PE ratio of 13.95, a PEG ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. 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 firm has a fifty day moving average price of $114.90 and a 200-day moving average price of $113.67.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the prior year, the business posted $1.94 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, sell-side analysts expect that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Announces Dividend

The company 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. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.34%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analyst Ratings Changes

XOM has been the subject of a number of recent analyst reports. TD Cowen boosted their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Barclays lowered their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Mizuho raised their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Sanford C. Bernstein decreased their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Finally, UBS Group increased their price objective on Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday. Eight investment 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’s stock. Based on data from MarketBeat.com, the company has an average 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.