Exxon Mobil Co. (NYSE:XOM) Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 73.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,700 shares of the oil and gas company’s stock after selling 47,142 shares during the period. Easterly Investment Partners LLC’s holdings in Exxon Mobil were worth $1,922,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $25,000. First Pacific Financial acquired a new position in Exxon Mobil in the first quarter worth approximately $34,000. POM Investment Strategies LLC increased its holdings in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares in the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at $46,000. Finally, Lynx Investment Advisory bought a new stake in shares of Exxon Mobil during the 2nd quarter worth $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.6 %

NYSE XOM traded up $0.64 during trading on Monday, reaching $116.96. The company’s stock had a trading volume of 3,883,931 shares, compared to its average volume of 16,980,660. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $461.17 billion, a PE ratio of 14.49, a PEG ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The business has a 50-day moving average price of $115.14 and a 200-day moving average price of $113.94.

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 the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the previous year, the business earned $1.94 EPS. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is 46.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on XOM. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Morgan Stanley restated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Sanford C. Bernstein decreased their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Barclays cut their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. 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 company. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $134.56.

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.