Exxon Mobil Corporation $XOM Shares Sold by Adams Natural Resources Fund Inc.

Key Points

• Adams Natural Resources Fund Inc. reduced its stake in Exxon Mobil by 1.2%, selling 16,500 shares, but it still holds 1,337,255 shares, making Exxon its largest position at 22.8% of its portfolio.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, which represents a 3.4% annual yield and has a payout ratio of 56.25%.
• Analysts maintain a consensus rating of "Moderate Buy" for Exxon Mobil, with an average price target of $127.58, amid various recent adjustments from brokerages.

Adams Natural Resources Fund Inc. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,337,255 shares of the oil and gas company's stock after selling 16,500 shares during the period. Exxon Mobil accounts for 22.8% of Adams Natural Resources Fund Inc.'s investment portfolio, making the stock its largest position. Adams Natural Resources Fund Inc.'s holdings in Exxon Mobil were worth $144,156,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP acquired a new position in Exxon Mobil in the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC grew its position in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new stake in Exxon Mobil during the second quarter worth $38,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares of the company's stock, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale 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.

Exxon Mobil Stock Up 0.9%

Shares of NYSE XOM opened at $115.78 on Friday. The stock has a market capitalization of $493.58 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 2.03 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $112.41 and a 200 day moving average price of $109.38. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week 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 for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS 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 issued a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.4%. Exxon Mobil's payout ratio is presently 56.25%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XOM. Melius began coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Mizuho decreased their price objective 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. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, Wells Fargo & Company initiated coverage on shares of Exxon Mobil in a report on Friday, October 17th. They issued an "overweight" rating and a $156.00 price objective on the stock. 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 MarketBeat.com, the company 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.

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