Middleton & Co. Inc. MA Sells 5,170 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Middleton & Co. Inc. MA reduced its holdings in Exxon Mobil Corporation by 4% in the first quarter, selling 5,170 shares, and now owns 122,610 shares valued at approximately $14.58 million.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, resulting in an annualized dividend of $3.96 and a yield of 3.7%.
• Recent analyst reports have set a consensus price target of $125.26 for Exxon Mobil, with multiple brokerages issuing ratings ranging from "buy" to "sell."

Middleton & Co. Inc. MA cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,610 shares of the oil and gas company's stock after selling 5,170 shares during the period. Exxon Mobil comprises approximately 1.7% of Middleton & Co. Inc. MA's holdings, making the stock its 18th largest holding. Middleton & Co. Inc. MA's holdings in Exxon Mobil were worth $14,582,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 10Elms LLP bought a new stake in shares of Exxon Mobil during the fourth quarter worth $25,000. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil during the 1st quarter worth about $29,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter worth about $32,000. Cloud Capital Management LLC bought a new stake in Exxon Mobil during the 1st quarter worth about $45,000. Finally, Clarity Asset Management Inc. increased its position in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 2.2%

Shares of NYSE XOM opened at $107.25 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company's fifty day moving average is $109.56 and its 200-day moving average is $109.08. The stock has a market cap of $462.21 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 2.06 and a beta of 0.53.

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 the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same period in the previous year, the company posted $2.14 earnings per share. The company's revenue for the quarter was down 12.4% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio is presently 56.25%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on XOM. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Piper Sandler boosted their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Mizuho lowered their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, UBS Group dropped their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $125.26.

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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