Johnson Investment Counsel Inc. Has $23.59 Million Position in Exxon Mobil Corporation $XOM

Key Points

• Johnson Investment Counsel Inc. reduced its stake in Exxon Mobil Corporation by 4.4%, now holding 218,867 shares valued at approximately $23.59 million.
• Exxon Mobil reported $0.65 earnings per share and generated $57.55 billion in revenue for the last quarter, with a current market capitalization of $479.21 billion.
• The company recently announced a quarterly dividend of $0.99 per share, representing an annualized yield of 3.5% and a payout ratio of 56.25%.

Johnson Investment Counsel Inc. lowered its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 218,867 shares of the oil and gas company's stock after selling 10,192 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in Exxon Mobil were worth $23,594,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Journey Strategic Wealth LLC raised its position in shares of Exxon Mobil by 6.7% during the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after acquiring an additional 1,379 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Exxon Mobil by 52.3% during the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock worth $45,149,000 after acquiring an additional 131,600 shares during the last quarter. Hartford Funds Management Co LLC raised its position in shares of Exxon Mobil by 51.8% during the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after acquiring an additional 2,617 shares during the last quarter. Phoenix Financial Ltd. raised its position in shares of Exxon Mobil by 23.9% during the first quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock worth $11,561,000 after acquiring an additional 18,752 shares during the last quarter. Finally, SteelPeak Wealth LLC raised its position in shares of Exxon Mobil by 24.2% during the first quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company's stock worth $4,605,000 after acquiring an additional 7,543 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.1%

Shares of Exxon Mobil stock opened at $112.40 on Wednesday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The business has a 50-day moving average of $111.52 and a two-hundred day moving average of $109.34. The company has a market capitalization of $479.21 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 2.03 and a beta of 0.51. 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 (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 return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion during the quarter. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a report on Thursday, October 9th. Mizuho dropped their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Monday, September 15th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Finally, UBS Group upped their price objective on Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $126.05.

Insider Buying and Selling 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 transaction of $238,351.10. Following the completion of the transaction, the vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

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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