Exxon Mobil Co. (NYSE:XOM) Stock Position Decreased by Pineridge Advisors LLC

Pineridge Advisors LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 12.7% in the second quarter, HoldingsChannel.com reports. The fund owned 3,887 shares of the oil and gas company’s stock after selling 565 shares during the quarter. Pineridge Advisors LLC’s holdings in Exxon Mobil were worth $447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in XOM. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil in the first quarter worth $25,000. First Pacific Financial bought a new position in Exxon Mobil in the 1st quarter valued at about $34,000. POM Investment Strategies LLC increased its stake in Exxon Mobil by 918.9% during the 2nd 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 during the period. Lynx Investment Advisory bought a new stake in shares of Exxon Mobil during the 2nd quarter worth about $47,000. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $46,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on XOM shares. TD Cowen boosted their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Barclays cut their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Mizuho raised their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Eight 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.56.

Exxon Mobil Stock Up 1.4 %

Shares of XOM traded up $1.62 during midday trading on Monday, reaching $117.94. 601,133 shares of the stock were exchanged, compared to its average volume of 16,964,598. The company has a market cap of $465.04 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 4.51 and a beta of 0.91. The firm has a 50 day simple moving average of $115.14 and a 200-day simple moving average of $113.94. 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.

Exxon Mobil (NYSE:XOM) last issued 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.94 earnings per share. Research analysts forecast that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

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.