Dover Advisors LLC Has $2.60 Million Stake in Exxon Mobil Corporation $XOM

Dover Advisors LLC lowered its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 12.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,086 shares of the oil and gas company's stock after selling 3,566 shares during the quarter. Exxon Mobil comprises about 1.1% of Dover Advisors LLC's investment portfolio, making the stock its 20th largest position. Dover Advisors LLC's holdings in Exxon Mobil were worth $2,596,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in XOM. 10Elms LLP acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $25,000. Graybill Wealth Management LTD. bought a new position in Exxon Mobil during the 1st quarter worth about $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil in the first quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $32,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position 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 valued at $35,000 after buying an additional 238 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

XOM has been the subject of a number of recent research reports. TD Cowen upped their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Bank of America increased their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Mizuho lowered their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Morgan Stanley lifted their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of "Hold" and a consensus price target of $124.76.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

XOM opened at $112.39 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The business has a fifty day simple moving average of $110.58 and a 200 day simple moving average of $109.15. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a market capitalization of $479.15 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57.

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

Exxon Mobil Dividend Announcement

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

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.

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