Ameriflex Group Inc. Lowers Position in Exxon Mobil Corporation $XOM

Key Points

• Ameriflex Group Inc. reduced its position in Exxon Mobil by 54.1% during the second quarter, owning 6,865 shares valued at $755,000.
• Exxon Mobil reported $1.64 earnings per share for the most recent quarter, surpassing analysts' estimates, but experienced a 12.4% revenue decline year-over-year.
• The company declared a quarterly dividend of $0.99 per share, reflecting a 3.5% dividend yield and a payout ratio of 56.25%.

Ameriflex Group Inc. trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 54.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,865 shares of the oil and gas company's stock after selling 8,107 shares during the quarter. Ameriflex Group Inc.'s holdings in Exxon Mobil were worth $755,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in XOM. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil in the first quarter worth $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after buying an additional 238 shares during the period. Game Plan Financial Advisors LLC increased its stake in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil during the 2nd quarter valued at about $38,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $114.18 on Tuesday. The company has a market cap of $486.78 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 2.06 and a beta of 0.51. The business's fifty day simple moving average is $111.21 and its two-hundred day simple moving average is $109.47. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the prior year, the company posted $2.14 earnings per share. The company's quarterly revenue was down 12.4% on a year-over-year basis. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Exxon Mobil in a report on Saturday, September 27th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. TD Cowen raised their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Melius Research began coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price on the stock. Finally, Mizuho reduced their price target on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $125.00.

Exxon Mobil Profile

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.

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