Mather Group LLC. Has $9.53 Million Holdings in Exxon Mobil Corporation $XOM

Key Points

• Mather Group LLC reduced its stake in Exxon Mobil Corporation by 5.8%, now holding 88,443 shares worth approximately $9.53 million.
• Exxon Mobil reported $1.64 earnings per share for the last quarter, surpassing estimates and a revenue of $81.51 billion, despite a 12.4% year-over-year decline.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, with a yield of 3.4% and a payout ratio of 56.25%.

Mather Group LLC. cut its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,443 shares of the oil and gas company's stock after selling 5,416 shares during the period. Mather Group LLC.'s holdings in Exxon Mobil were worth $9,534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Two Sigma Investments LP boosted its stake in Exxon Mobil by 6.0% in the 4th quarter. Two Sigma Investments LP now owns 30,064 shares of the oil and gas company's stock worth $3,234,000 after purchasing an additional 1,698 shares during the period. Fire Capital Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $1,966,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Exxon Mobil by 5.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 147,054 shares of the oil and gas company's stock worth $17,489,000 after buying an additional 8,221 shares during the last quarter. Confluence Investment Management LLC boosted its stake in shares of Exxon Mobil by 1.9% during the 1st quarter. Confluence Investment Management LLC now owns 6,074 shares of the oil and gas company's stock worth $722,000 after buying an additional 116 shares during the last quarter. Finally, Cullen Investment Group LTD. boosted its stake in shares of Exxon Mobil by 66.3% during the 1st quarter. Cullen Investment Group LTD. now owns 95,868 shares of the oil and gas company's stock worth $11,402,000 after buying an additional 38,222 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.0%

Shares of XOM stock opened at $115.65 on Friday. The firm has a 50 day moving average price of $110.65 and a two-hundred day moving average price of $109.46. 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 company has a market capitalization of $493.04 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 2.09 and a beta of 0.57. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

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

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 56.25%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Morgan Stanley increased their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Melius Research assumed 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, Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of "Hold" and a consensus target price of $125.00.

Insider Transactions at Exxon Mobil

In other Exxon Mobil 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

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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