Joseph P. Lucia & Associates LLC Sells 83,696 Shares of Exxon Mobil Co. (NYSE:XOM)

Joseph P. Lucia & Associates LLC decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 99.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 881 shares of the oil and gas company’s stock after selling 83,696 shares during the period. Joseph P. Lucia & Associates LLC’s holdings in Exxon Mobil were worth $68,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Chesley Taft & Associates LLC boosted its stake in Exxon Mobil by 0.8% in the 2nd quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock worth $13,548,000 after purchasing an additional 1,440 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in Exxon Mobil by 13.9% during the 2nd quarter. Eqis Capital Management Inc. now owns 14,405 shares of the oil and gas company’s stock worth $1,104,000 after purchasing an additional 1,761 shares during the last quarter. Hendley & Co. Inc. boosted its stake in Exxon Mobil by 2.7% during the 1st quarter. Hendley & Co. Inc. now owns 11,880 shares of the oil and gas company’s stock worth $960,000 after purchasing an additional 309 shares during the last quarter. Adirondack Trust Co. boosted its stake in Exxon Mobil by 2.2% during the 2nd quarter. Adirondack Trust Co. now owns 34,492 shares of the oil and gas company’s stock worth $2,643,000 after purchasing an additional 758 shares during the last quarter. Finally, Wiley BROS. Aintree Capital LLC boosted its position in shares of Exxon Mobil by 54.3% during the 2nd quarter. Wiley BROS. Aintree Capital LLC now owns 6,804 shares of the oil and gas company’s stock valued at $521,000 after acquiring an additional 2,394 shares during the last quarter. 54.52% of the stock is currently owned by hedge funds and other institutional investors.

NYSE XOM opened at $72.46 on Friday. The firm has a 50-day moving average of $75.90. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $87.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.50. The firm has a market capitalization of $318.81 billion, a PE ratio of 14.70, a P/E/G ratio of 2.05 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.15). Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The company had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. During the same period in the previous year, the company earned $0.92 EPS. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Co. will post 3.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 4.80%. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.

Several research analysts have recently weighed in on XOM shares. Goldman Sachs Group reissued a “hold” rating and set a $80.00 price target on shares of Exxon Mobil in a research report on Monday, April 29th. Royal Bank of Canada cut shares of Exxon Mobil from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $100.00 to $90.00 in a research report on Thursday, July 18th. They noted that the move was a valuation call. HSBC reissued a “neutral” rating and set a $86.50 price target on shares of Exxon Mobil in a research report on Thursday, May 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 price target on shares of Exxon Mobil in a research report on Friday, April 26th. Finally, Tudor Pickering started coverage on shares of Exxon Mobil in a research report on Monday, April 8th. They set a “hold” rating and a $82.49 price target on the stock. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $83.86.

In other Exxon Mobil news, VP Bryan W. Milton sold 6,033 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $76.34, for a total transaction of $460,559.22. Following the sale, the vice president now directly owns 219,423 shares in the company, valued at $16,750,751.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is owned by corporate insiders.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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