Boys Arnold & Co. Inc. reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,276 shares of the oil and gas company’s stock after selling 9,787 shares during the quarter. Exxon Mobil accounts for approximately 1.6% of Boys Arnold & Co. Inc.’s investment portfolio, making the stock its 6th largest holding. Boys Arnold & Co. Inc.’s holdings in Exxon Mobil were worth $12,535,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Horan Securities Inc. raised its holdings in Exxon Mobil by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 260 shares in the last quarter. Watermark Asset Management Inc. bought a new position in Exxon Mobil in the first quarter worth about $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Exxon Mobil by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after purchasing an additional 220 shares in the last quarter. David R. Rahn & Associates Inc. bought a new position in Exxon Mobil in the second quarter worth about $207,000. Finally, Valmark Advisers Inc. raised its holdings in Exxon Mobil by 2.4% in the second quarter. Valmark Advisers Inc. now owns 2,652 shares of the oil and gas company’s stock worth $214,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 51.18% of the company’s stock.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded up $0.11 during midday trading on Tuesday, reaching $83.57. The company had a trading volume of 12,597,700 shares, compared to its average volume of 10,964,545. The stock has a market capitalization of $353,628.84, a price-to-earnings ratio of 23.44, a P/E/G ratio of 1.75 and a beta of 0.83. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be given a $0.77 dividend. The ex-dividend date is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.69%. Exxon Mobil’s dividend payout ratio is currently 100.33%.
In other Exxon Mobil news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Robert N. Schleckser sold 5,601 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.93, for a total value of $470,091.93. Following the completion of the sale, the vice president now owns 187,663 shares in the company, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,134 shares of company stock worth $2,683,730. 0.08% of the stock is owned by insiders.
Several research firms have recently issued reports on XOM. Zacks Investment Research upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Vetr downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price objective on the stock. in a report on Friday, October 6th. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Friday, November 24th. Barclays restated an “overweight” rating and set a $94.00 price objective (up previously from $91.00) on shares of Exxon Mobil in a report on Friday, October 13th. Finally, Morgan Stanley restated an “underperform” rating on shares of Exxon Mobil in a report on Thursday, October 19th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $86.14.
About Exxon Mobil
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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