Private Portfolio Partners LLC Reduces Position in Exxon Mobil Co. (NYSE:XOM)

Private Portfolio Partners LLC decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,220 shares of the oil and gas company’s stock after selling 629 shares during the period. Private Portfolio Partners LLC’s holdings in Exxon Mobil were worth $2,474,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC boosted its holdings in shares of Exxon Mobil by 102.9% during the first quarter. Atlas Capital Advisors LLC now owns 493 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 250 shares during the last quarter. Mizuho Securities Co. Ltd. boosted its holdings in shares of Exxon Mobil by 243.6% during the first quarter. Mizuho Securities Co. Ltd. now owns 756 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 536 shares during the last quarter. tru Independence LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth $43,000. Baldrige Asset Management LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth $50,000. Finally, USA Financial Portformulas Corp acquired a new stake in shares of Exxon Mobil during the second quarter worth $57,000. 51.73% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on XOM shares. Credit Suisse Group decreased their price objective on Exxon Mobil from $73.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, August 2nd. DZ Bank cut Exxon Mobil from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $67.00 to $62.50 in a report on Tuesday, August 3rd. Wells Fargo & Company lifted their target price on Exxon Mobil from $67.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, June 30th. Royal Bank of Canada reiterated a “sell” rating and issued a $60.00 target price on shares of Exxon Mobil in a report on Wednesday, June 2nd. Finally, JPMorgan Chase & Co. set a $76.00 target price on Exxon Mobil and gave the company a “buy” rating in a report on Tuesday, June 29th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.35.

Shares of NYSE XOM traded down $0.16 during midday trading on Tuesday, reaching $53.53. 332,197 shares of the company’s stock were exchanged, compared to its average volume of 25,246,701. Exxon Mobil Co. has a 52-week low of $31.11 and a 52-week high of $64.93. The stock has a market capitalization of $226.62 billion, a PE ratio of -17.26, a price-to-earnings-growth ratio of 0.69 and a beta of 1.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 0.85. The business’s fifty day moving average price is $56.20 and its two-hundred day moving average price is $58.39.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Thursday, July 29th. The oil and gas company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.08. Exxon Mobil had a positive return on equity of 3.98% and a negative net margin of 6.07%. The business had revenue of $67.74 billion for the quarter, compared to analyst estimates of $63.96 billion. During the same period in the previous year, the company earned ($0.70) earnings per share. The company’s revenue for the quarter was up 107.8% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 4.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Friday, August 13th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend was Thursday, August 12th. Exxon Mobil’s payout ratio is -1,054.55%.

Exxon Mobil Company Profile

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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