Burns J W & Co. Inc. NY Has $3.84 Million Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• Burns J W & Co. Inc. reduced its holdings in Exxon Mobil Corporation by 5.9% during the second quarter, ending with approximately $3.84 million in shares.
• Exxon Mobil recently reported a net margin of 9.17% and quarterly revenue of $81.51 billion, which fell 12.4% from the previous year.
• The company announced a quarterly dividend of $0.99 per share paid on September 10th, with a 3.5% annualized yield.

Burns J W & Co. Inc. NY trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,638 shares of the oil and gas company's stock after selling 2,242 shares during the period. Burns J W & Co. Inc. NY's holdings in Exxon Mobil were worth $3,842,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Worth Asset Management LLC increased its position in Exxon Mobil by 3.3% in the 2nd quarter. Worth Asset Management LLC now owns 5,954 shares of the oil and gas company's stock worth $642,000 after buying an additional 191 shares during the period. Moody National Bank Trust Division grew its holdings in shares of Exxon Mobil by 3.7% during the 2nd quarter. Moody National Bank Trust Division now owns 89,262 shares of the oil and gas company's stock worth $9,622,000 after purchasing an additional 3,147 shares in the last quarter. HF Advisory Group LLC grew its holdings in shares of Exxon Mobil by 10.8% during the 2nd quarter. HF Advisory Group LLC now owns 25,098 shares of the oil and gas company's stock worth $2,706,000 after purchasing an additional 2,456 shares in the last quarter. Rockland Trust Co. boosted its stake in Exxon Mobil by 0.8% in the 2nd quarter. Rockland Trust Co. now owns 285,036 shares of the oil and gas company's stock valued at $30,727,000 after buying an additional 2,156 shares in the last quarter. Finally, Peoples Bank KS boosted its stake in Exxon Mobil by 0.8% in the 2nd quarter. Peoples Bank KS now owns 32,767 shares of the oil and gas company's stock valued at $3,532,000 after buying an additional 245 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Piper Sandler boosted their price objective on Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Melius initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. UBS Group increased their price target on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Finally, Mizuho lowered 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of "Hold" and an average target price of $124.76.

Exxon Mobil Stock Performance

Shares of XOM traded down $1.11 during mid-day trading on Friday, reaching $112.82. The company's stock had a trading volume of 38,732,208 shares, compared to its average volume of 13,609,037. The stock has a market cap of $480.98 billion, a P/E ratio of 16.03, a PEG ratio of 2.06 and a beta of 0.57. The business has a 50-day simple moving average of $110.54 and a two-hundred day simple moving average of $109.34. 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 Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

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 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 11.34% and a net margin of 9.17%.The firm's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the firm posted $2.14 EPS. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a 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%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company's stock.

About Exxon Mobil

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.