Pettyjohn Wood & White Inc. Lowers Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Pettyjohn Wood & White Inc. reduced its stake in Exxon Mobil Corporation by 15.4%, selling 19,380 shares and now owning 106,285 shares, representing 2.4% of its holdings.
• Exxon Mobil's quarterly dividend of $0.99 will be paid on September 10th, reflecting an annualized yield of 3.5% and a payout ratio of 52.52%.
• Analysts have differing views on Exxon Mobil, with an average rating of "Moderate Buy" and a new average price target of $125.42.

Pettyjohn Wood & White Inc. trimmed its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 15.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,285 shares of the oil and gas company's stock after selling 19,380 shares during the period. Exxon Mobil makes up about 2.4% of Pettyjohn Wood & White Inc.'s holdings, making the stock its 11th biggest position. Pettyjohn Wood & White Inc.'s holdings in Exxon Mobil were worth $12,640,000 at the end of the most recent reporting period.

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

Exxon Mobil Price Performance

XOM stock traded down $2.03 during trading on Friday, hitting $109.61. The stock had a trading volume of 19,647,904 shares, compared to its average volume of 13,955,870. The company's 50 day moving average price is $109.48 and its two-hundred day moving average price is $109.13. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a market cap of $472.38 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.06 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter in the previous year, the company posted $2.14 EPS. The firm's revenue for the quarter was down 12.4% on a year-over-year basis. 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Analyst Ratings Changes

Several brokerages have commented on XOM. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. 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. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Finally, UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $125.42.

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.