Birmingham Capital Management Co. Inc. AL Cuts Stock Position in Exxon Mobil Corporation $XOM

Key Points

• Birmingham Capital Management Co. Inc. AL reduced its Exxon Mobil position by 21.1%, selling 10,841 shares, bringing its total holdings to 40,623 shares valued at $4,379,000.
• Exxon Mobil recently reported a quarterly earnings per share of $0.65 and announced a quarterly dividend of $0.99, reflecting an annual dividend yield of 3.5%.
• Analysts have mixed ratings for Exxon Mobil, with target prices ranging from $111.00 to $156.00, indicating a current average rating of "Moderate Buy."

Birmingham Capital Management Co. Inc. AL lowered its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 21.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,623 shares of the oil and gas company's stock after selling 10,841 shares during the period. Exxon Mobil makes up about 1.9% of Birmingham Capital Management Co. Inc. AL's portfolio, making the stock its 17th largest position. Birmingham Capital Management Co. Inc. AL's holdings in Exxon Mobil were worth $4,379,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil in the 1st quarter worth approximately $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil in the 1st quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in 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 purchasing an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC boosted its stake in 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 purchasing an additional 300 shares in the last quarter. Finally, 1248 Management LLC acquired a new stake in Exxon Mobil in the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $112.72 on Wednesday. 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 Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The company has a 50 day simple moving average of $112.10 and a two-hundred day simple moving average of $109.25. The stock has a market cap of $480.55 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion during the quarter. As a group, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's payout ratio is currently 56.25%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Barclays lowered their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research note on Tuesday, October 7th. Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a research note on Friday, October 17th. They issued an "overweight" rating and a $156.00 target price for the company. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Melius Research started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $127.58.

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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