Denali Advisors LLC Sells 45,648 Shares of Exxon Mobil Corporation $XOM

Key Points

• Denali Advisors LLC sold 45,648 shares of Exxon Mobil Corporation, reducing its holdings by 81.2%, leaving it with 10,579 shares valued at approximately $1.14 million.
• Exxon Mobil's quarterly earnings showed an EPS of $0.65 and total revenue of $57.55 billion, indicating a net margin of 9.17%.
• The company has recently announced a quarterly dividend of $0.99 per share, with an annualized dividend yield of 3.4% and a payout ratio of 56.25%.

Denali Advisors LLC trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 81.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,579 shares of the oil and gas company's stock after selling 45,648 shares during the quarter. Denali Advisors LLC's holdings in Exxon Mobil were worth $1,140,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in Exxon Mobil by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after buying an additional 1,340,343 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Exxon Mobil by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock valued at $3,850,167,000 after buying an additional 512,860 shares during the period. Ameriprise Financial Inc. increased its holdings in Exxon Mobil by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock valued at $3,213,848,000 after buying an additional 2,639,797 shares during the period. Amundi increased its holdings in Exxon Mobil by 9.7% in the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock valued at $2,966,598,000 after buying an additional 2,329,964 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Exxon Mobil by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock valued at $3,028,968,000 after buying an additional 909,386 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 0.9%

Shares of Exxon Mobil stock opened at $115.78 on Friday. The firm has a market capitalization of $493.58 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 2.03 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm's 50 day moving average is $112.41 and its 200 day moving average is $109.38. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21.

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

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.4%. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Insider Buying and Selling

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 shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on XOM. Bank of America raised their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Barclays decreased their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a report on Tuesday, October 7th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Thursday, October 9th. Melius began coverage on shares of 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 decreased their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.