Mitchell Sinkler & Starr PA Cuts Holdings in Exxon Mobil Corporation $XOM

Mitchell Sinkler & Starr PA trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 70.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,676 shares of the oil and gas company's stock after selling 47,713 shares during the period. Mitchell Sinkler & Starr PA's holdings in Exxon Mobil were worth $2,121,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. LRI Investments LLC raised its stake in shares of Exxon Mobil by 3.3% during the 2nd quarter. LRI Investments LLC now owns 41,433 shares of the oil and gas company's stock worth $4,466,000 after buying an additional 1,311 shares in the last quarter. Prostatis Group LLC raised its stake in shares of Exxon Mobil by 45.6% during the 2nd quarter. Prostatis Group LLC now owns 23,923 shares of the oil and gas company's stock worth $2,579,000 after buying an additional 7,495 shares in the last quarter. CWM LLC raised its stake in shares of Exxon Mobil by 3.3% during the 2nd quarter. CWM LLC now owns 771,927 shares of the oil and gas company's stock worth $83,214,000 after buying an additional 24,405 shares in the last quarter. Lodestar Private Asset Management LLC raised its stake in shares of Exxon Mobil by 26.2% during the 2nd quarter. Lodestar Private Asset Management LLC now owns 12,163 shares of the oil and gas company's stock worth $1,311,000 after buying an additional 2,528 shares in the last quarter. Finally, Ackerman Capital Advisors LLC raised its stake in shares of Exxon Mobil by 2.4% during the 2nd quarter. Ackerman Capital Advisors LLC now owns 19,545 shares of the oil and gas company's stock worth $2,107,000 after buying an additional 451 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Exxon Mobil 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 transaction of $238,351.10. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $111.76 on Thursday. The business's fifty day moving average price is $111.63 and its two-hundred day moving average price is $109.36. The stock has a market cap of $476.46 billion, a PE ratio of 15.87, 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 quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio is 56.25%.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. Bank of America upped their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Thursday, October 9th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Barclays lowered their price target on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a report on Tuesday, October 7th. Finally, Melius initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target on the stock. 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $126.05.

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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