Tnf LLC Lowers Stake in Exxon Mobil Co. (NYSE:XOM)

Tnf LLC cut its position in Exxon Mobil Co. (NYSE:XOM) by 7.6% in the second quarter, HoldingsChannel.com reports. The firm owned 20,711 shares of the oil and gas company’s stock after selling 1,707 shares during the quarter. Exxon Mobil comprises about 0.9% of Tnf LLC’s investment portfolio, making the stock its 24th biggest holding. Tnf LLC’s holdings in Exxon Mobil were worth $2,382,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new position in Exxon Mobil in the 1st quarter worth approximately $25,000. First Pacific Financial bought a new position in Exxon Mobil during the first quarter valued at approximately $34,000. POM Investment Strategies LLC raised its stake in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares in the last quarter. Lynx Investment Advisory bought a new position in Exxon Mobil during the second quarter valued at $47,000. Finally, Partnership Wealth Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth $46,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wolfe Research initiated coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. HSBC lifted their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. UBS Group increased their price target on Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Truist Financial lowered their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Finally, Barclays cut their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $134.56.

Exxon Mobil Stock Up 1.4 %

Exxon Mobil stock traded up $1.62 during midday trading on Monday, hitting $117.94. 601,133 shares of the company’s stock were exchanged, compared to its average volume of 16,964,598. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The company has a market cap of $465.04 billion, a PE ratio of 14.25, a P/E/G ratio of 4.51 and a beta of 0.91. The firm has a 50-day moving average of $115.14 and a two-hundred day moving average of $113.94. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $1.94 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be issued a $0.95 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. 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.