Exxon Mobil Corporation $XOM Stock Position Lowered by Eagle Global Advisors LLC

Key Points

• Eagle Global Advisors LLC reduced its stake in Exxon Mobil Corporation by 5.6% during the second quarter, now holding 186,584 shares valued at approximately $20.1 million.
• Several analysts have upgraded their target prices for Exxon Mobil, with Bank of America increasing its target from $113 to $120, while UBS Group raised theirs from $130 to $143.
• Exxon Mobil declared a quarterly dividend of $0.99 per share, representing an annualized yield of 3.4%, with a payout ratio of 56.25%.

Eagle Global Advisors LLC lessened its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 186,584 shares of the oil and gas company's stock after selling 11,034 shares during the period. Eagle Global Advisors LLC's holdings in Exxon Mobil were worth $20,114,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil during the first quarter worth $29,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil during the first quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Exxon Mobil by 396.7% during the first 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 during the period. Game Plan Financial Advisors LLC raised its position in shares of Exxon Mobil by 1,500.0% during the first 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 during the period. Finally, 1248 Management LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth $40,000. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XOM. Bank of America boosted their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. UBS Group upped their price target on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Morgan Stanley upped their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Melius started coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $125.00.

Insider Activity

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 transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company's stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $117.15 on Friday. The business's 50-day moving average price is $110.83 and its two-hundred day moving average price is $109.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a market capitalization of $499.44 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 2.13 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion for 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 business's quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.14 earnings per share. Analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Exxon Mobil Company 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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