Strategic Blueprint LLC Reduces Stock Position in Exxon Mobil Corporation $XOM

Key Points

• Strategic Blueprint LLC has reduced its stock position in Exxon Mobil by 26.7%, leaving it with 63,903 shares valued at approximately $6.89 million.
• Analysts have mixed views on Exxon Mobil, with price targets ranging from a low of $123 to a high of $156, while the consensus rating remains a Moderate Buy.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, yielding an annualized 3.4%, with a payout ratio of 56.25%.

Strategic Blueprint LLC trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 26.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,903 shares of the oil and gas company's stock after selling 23,232 shares during the period. Strategic Blueprint LLC's holdings in Exxon Mobil were worth $6,889,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil in the 1st quarter worth about $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil in the 1st quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after buying an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC boosted its stake in Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after buying an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new stake in Exxon Mobil in the 2nd quarter worth about $38,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Mizuho reduced their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Barclays reduced their price objective on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Exxon Mobil in a research note on Friday. Finally, Wells Fargo & Company started coverage on Exxon Mobil in a research note on Friday, October 17th. They issued an "overweight" rating and a $156.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus price target of $127.58.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $115.39 on Friday. The stock's 50 day moving average price is $112.58 and its 200 day moving average price is $109.48. The firm has a market capitalization of $491.94 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.06 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 released its quarterly 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%. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.4%. Exxon Mobil's payout ratio is 56.25%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred 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 transaction, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company 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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