Mach 1 Financial Group LLC Sells 117 Shares of Exxon Mobil Co. (NYSE:XOM)

Mach 1 Financial Group LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 11.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 867 shares of the oil and gas company’s stock after selling 117 shares during the period. Mach 1 Financial Group LLC’s holdings in Exxon Mobil were worth $71,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marcum Wealth LLC raised its stake in shares of Exxon Mobil by 19.1% during the first quarter. Marcum Wealth LLC now owns 29,415 shares of the oil and gas company’s stock valued at $2,429,000 after acquiring an additional 4,711 shares during the last quarter. Minot Wealth Management LLC raised its stake in Exxon Mobil by 15.5% in the first quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company’s stock worth $3,378,000 after buying an additional 5,477 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Exxon Mobil by 13.3% in the first quarter. Revolve Wealth Partners LLC now owns 5,652 shares of the oil and gas company’s stock worth $467,000 after buying an additional 664 shares in the last quarter. Home Federal Bank of Tennessee raised its stake in Exxon Mobil by 1.1% in the first quarter. Home Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company’s stock worth $1,170,000 after buying an additional 150 shares in the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. raised its stake in Exxon Mobil by 7.1% in the first quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 7,256 shares of the oil and gas company’s stock worth $599,000 after buying an additional 481 shares in the last quarter. 54.07% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 1.4 %

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

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.74 by $0.40. The firm had revenue of $115.68 billion for the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company’s revenue was up 70.8% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 12.35 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be given a dividend of $0.88 per share. The ex-dividend date is Thursday, August 11th. This represents a $3.52 annualized dividend and a dividend yield of 3.98%. Exxon Mobil’s payout ratio is 38.51%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Barclays increased their price target on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 31st. StockNews.com downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. The Goldman Sachs Group increased their price target on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Citigroup raised their target price on shares of Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, May 19th. Finally, Morgan Stanley decreased their target price on shares of Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $96.40.

Insider Activity

In other news, VP Darrin L. Talley sold 2,147 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 30,363 shares in the company, valued at approximately $3,121,620.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the sale, the vice president now directly owns 32,510 shares in the company, valued at approximately $3,142,091.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction 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 completion of the sale, the vice president now owns 30,363 shares in the company, valued at $3,121,620.03. The disclosure for this sale can be found here. Insiders have sold 7,147 shares of company stock worth $698,858 in the last three months. Company insiders own 0.04% of the company’s stock.

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.