Neville Rodie & Shaw Inc. Reduces Position in Exxon Mobil Corporation $XOM

Key Points

• Neville Rodie & Shaw Inc. reduced its stake in Exxon Mobil Corporation by 3.6%, owning 238,143 shares worth approximately $25.67 million at the end of Q2.
• Exxon Mobil's quarterly earnings report showed a net margin of 9.17% and revenue of $81.51 billion, beating analysts' expectations.
• Analysts have set varied price targets for Exxon Mobil, with a consensus price target of $124.81 and a current average rating of "Hold."

Neville Rodie & Shaw Inc. cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,143 shares of the oil and gas company's stock after selling 8,850 shares during the quarter. Exxon Mobil comprises approximately 1.9% of Neville Rodie & Shaw Inc.'s investment portfolio, making the stock its 15th biggest holding. Neville Rodie & Shaw Inc.'s holdings in Exxon Mobil were worth $25,672,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Confluence Investment Management LLC grew its holdings in shares of Exxon Mobil by 2.0% during the second quarter. Confluence Investment Management LLC now owns 6,197 shares of the oil and gas company's stock valued at $668,000 after buying an additional 123 shares during the last quarter. Kera Capital Partners Inc. lifted its position in Exxon Mobil by 19.6% during the second quarter. Kera Capital Partners Inc. now owns 3,885 shares of the oil and gas company's stock valued at $419,000 after purchasing an additional 636 shares during the period. Private Client Services LLC lifted its position in Exxon Mobil by 27.1% during the second quarter. Private Client Services LLC now owns 12,410 shares of the oil and gas company's stock valued at $1,338,000 after purchasing an additional 2,646 shares during the period. BancFirst Trust & Investment Management acquired a new position in Exxon Mobil during the second quarter valued at $35,915,000. Finally, Cullen Investment Group LTD. boosted its stake in shares of Exxon Mobil by 9.3% during the 2nd quarter. Cullen Investment Group LTD. now owns 104,777 shares of the oil and gas company's stock worth $11,295,000 after acquiring an additional 8,909 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on XOM. Morgan Stanley increased their target price 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. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday. Piper Sandler increased their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, TD Cowen increased their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of "Hold" and a consensus price target of $124.81.

Exxon Mobil Trading Up 0.1%

Shares of Exxon Mobil stock opened at $112.21 on Friday. The firm has a market capitalization of $478.38 billion, a PE ratio of 15.94, a P/E/G ratio of 2.05 and a beta of 0.57. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The firm's 50-day moving average price is $110.55 and its 200 day moving average price is $109.15. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Announces Dividend

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

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company's stock.

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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