Exxon Mobil Corporation $XOM Shares Sold by Miller Howard Investments Inc. NY

Key Points

• Miller Howard Investments Inc. NY has reduced its stake in Exxon Mobil Corporation by 7.8%, now owning 31,971 shares valued at approximately $3.45 million.
• Several institutional investors, including GQG Partners LLC and GAMMA Investing LLC, have significantly increased their holdings in Exxon Mobil, highlighting strong interest from large investors.
• Exxon Mobil reported earnings of $1.64 per share in its last quarterly results, exceeding analysts' expectations, despite a 12.4% year-over-year decline in revenue.

Miller Howard Investments Inc. NY decreased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,971 shares of the oil and gas company's stock after selling 2,693 shares during the quarter. Miller Howard Investments Inc. NY's holdings in Exxon Mobil were worth $3,446,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of XOM. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil during the 1st quarter valued at about $29,000. Elequin Capital LP purchased a new stake in Exxon Mobil during the 1st quarter valued at $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $32,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 238 shares during the last quarter. Finally, Game Plan Financial Advisors LLC boosted its stake in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $0.77 during trading hours on Monday, hitting $112.05. The company's stock had a trading volume of 15,599,735 shares, compared to its average volume of 16,610,801. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a market cap of $477.70 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The company has a 50 day moving average of $110.54 and a 200 day moving average of $109.35.

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, topping analysts' consensus estimates 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 the consensus estimate of $79.07 billion. During the same quarter in the prior year, the business earned $2.14 earnings per share. The company's revenue was down 12.4% compared to the same quarter last year. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued 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 was Friday, August 15th. Exxon Mobil's payout ratio is currently 56.25%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Mizuho dropped their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. UBS Group raised their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Finally, Morgan Stanley raised their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $124.76.

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.