Aptus Capital Advisors LLC Has $19.11 Million Stock Position in Exxon Mobil Corporation $XOM

Key Points

• Aptus Capital Advisors LLC has significantly reduced its stake in Exxon Mobil Corporation by 69.8%, now holding 160,693 shares worth approximately $19.11 million.
• Exxon Mobil reported $1.64 EPS for the last quarter, exceeding analysts' expectations, despite a 12.4% decline in quarterly revenue compared to the previous year.
• The company declared a quarterly dividend of $0.99 per share, representing an annual yield of 3.7% and a payout ratio of 56.25%.

Aptus Capital Advisors LLC reduced its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 69.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 160,693 shares of the oil and gas company's stock after selling 372,221 shares during the quarter. Aptus Capital Advisors LLC's holdings in Exxon Mobil were worth $19,111,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil during the first quarter worth $29,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil during the first quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of Exxon Mobil by 396.7% during the first 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. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

XOM stock opened at $106.54 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a market cap of $454.21 billion, a PE ratio of 15.13, a P/E/G ratio of 2.00 and a beta of 0.53. The firm has a 50 day simple moving average of $110.25 and a two-hundred day simple moving average of $108.88.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business's quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.14 EPS. On average, analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.7%. Exxon Mobil's dividend payout ratio is presently 56.25%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research analyst reports. Wall Street Zen lowered shares of Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Saturday. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of "Hold" and a consensus price target of $125.26.

Exxon Mobil Company 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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