Philadelphia Trust Co. Decreases Position in Exxon Mobil Corporation $XOM

Key Points

• Philadelphia Trust Co. has reduced its stake in Exxon Mobil Corporation by 6.2%, now holding 50,966 shares valued at approximately $6,061,000.
• Analysts have mixed views on Exxon Mobil, with target prices ranging from $124.00 to $134.00, while the company currently holds an average rating of "Hold".
• Exxon Mobil recently reported $1.64 earnings per share, surpassing estimates, but experienced a 12.4% year-over-year revenue decline.

Philadelphia Trust Co. cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,966 shares of the oil and gas company's stock after selling 3,363 shares during the quarter. Philadelphia Trust Co.'s holdings in Exxon Mobil were worth $6,061,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Northern Trust Corp grew its holdings in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after buying an additional 2,998,892 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Exxon Mobil by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after buying an additional 1,340,343 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Exxon Mobil by 3.9% during the fourth quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock valued at $3,739,465,000 after buying an additional 1,293,111 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Exxon Mobil by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock valued at $3,850,167,000 after purchasing an additional 512,860 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Exxon Mobil by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock valued at $3,028,968,000 after purchasing an additional 909,386 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. TD Cowen upped their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Melius initiated coverage on shares of Exxon Mobil in a report on Wednesday. They issued a "hold" rating and a $111.00 price target on the stock. UBS Group upped 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. Finally, Wall Street Zen lowered shares of Exxon Mobil from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Price Performance

Shares of XOM stock traded up $0.74 during mid-day trading on Thursday, hitting $109.27. 4,445,107 shares of the stock were exchanged, compared to its average volume of 16,697,619. The firm has a fifty day moving average of $110.27 and a 200 day moving average of $108.87. 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 52-week low of $97.80 and a 52-week high of $126.34. The company has a market cap of $465.85 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.01 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 (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same period in the prior year, the company posted $2.14 EPS. The company's revenue for the quarter was down 12.4% on a year-over-year basis. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

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.