AIMZ Investment Advisors LLC Lowers Stake in Exxon Mobil Co. (NYSE:XOM)

AIMZ Investment Advisors LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 4.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,984 shares of the oil and gas company’s stock after selling 630 shares during the quarter. AIMZ Investment Advisors LLC’s holdings in Exxon Mobil were worth $1,155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new position in Exxon Mobil in the 4th quarter worth $35,101,000. AGF Investments LLC raised its position in Exxon Mobil by 1,012.1% in the 4th quarter. AGF Investments LLC now owns 6,239 shares of the oil and gas company’s stock worth $382,000 after purchasing an additional 5,678 shares during the period. Pinnacle Associates Ltd. raised its position in Exxon Mobil by 10.3% in the 4th quarter. Pinnacle Associates Ltd. now owns 160,129 shares of the oil and gas company’s stock worth $9,798,000 after purchasing an additional 14,952 shares during the period. Oppenheimer Asset Management Inc. raised its position in Exxon Mobil by 6.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 253,446 shares of the oil and gas company’s stock worth $15,508,000 after purchasing an additional 14,238 shares during the period. Finally, SlateStone Wealth LLC raised its position in Exxon Mobil by 41.9% in the 4th quarter. SlateStone Wealth LLC now owns 9,028 shares of the oil and gas company’s stock worth $552,000 after purchasing an additional 2,666 shares during the period. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Exxon Mobil Trading Up 1.4 %

NYSE:XOM opened at $88.45 on Friday. Exxon Mobil Co. has a one year low of $52.10 and a one year high of $105.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. The company’s 50-day simple moving average is $90.93 and its 200 day simple moving average is $85.91. The firm has a market capitalization of $372.60 billion, a P/E ratio of 9.68, a PEG ratio of 0.31 and a beta of 1.09.

Exxon Mobil (NYSE:XOMGet Rating) last issued its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $0.40. The business had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The business’s revenue for the quarter was up 70.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 12.35 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 annualized dividend and a yield of 3.98%. Exxon Mobil’s dividend payout ratio (DPR) is presently 38.51%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the transaction, the vice president now directly owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the transaction, the vice president now directly owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the transaction, the vice president now directly owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,147 shares of company stock valued at $698,858. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XOM shares. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Cowen boosted their price objective on shares of Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Barclays boosted their price objective on shares of Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Credit Suisse Group upgraded shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $115.00 to $125.00 in a research report on Tuesday, June 21st. Finally, Argus boosted their price objective on shares of Exxon Mobil from $92.00 to $104.00 in a research report on Monday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $96.40.

Exxon Mobil Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

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

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