Alpha Financial Partners LLC Sells 154 Shares of Exxon Mobil Co. (NYSE:XOM)

Alpha Financial Partners LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,632 shares of the oil and gas company’s stock after selling 154 shares during the quarter. Alpha Financial Partners LLC’s holdings in Exxon Mobil were worth $533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new position in Exxon Mobil in the 1st quarter valued at about $25,000. Anfield Capital Management LLC lifted its position in Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. POM Investment Strategies LLC lifted its position in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares in the last quarter. Lynx Investment Advisory bought a new position in Exxon Mobil in the 2nd quarter valued at about $47,000. Finally, Vima LLC bought a new position in Exxon Mobil in the 4th quarter valued at about $50,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.3 %

Exxon Mobil stock opened at $114.22 on Wednesday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The firm has a market capitalization of $450.37 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 4.38 and a beta of 0.90. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $115.73 and a 200 day simple moving average of $115.25.

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 analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period in the previous year, the business earned $1.94 EPS. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 8.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday. Wolfe Research assumed coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Mizuho increased their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Sanford C. Bernstein decreased their price objective 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. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $136.24.

About Exxon Mobil

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.