Violich Capital Management Inc. cut its position in Exxon Mobil Co. (NYSE:XOM) by 2.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,615 shares of the oil and gas company’s stock after selling 1,560 shares during the quarter. Exxon Mobil makes up approximately 1.0% of Violich Capital Management Inc.’s investment portfolio, making the stock its 28th largest holding. Violich Capital Management Inc.’s holdings in Exxon Mobil were worth $4,185,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Asset Planning Services Ltd. increased its holdings in shares of Exxon Mobil by 1,984.0% during the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 496 shares in the last quarter. Massey Quick Simon & CO. LLC increased its holdings in shares of Exxon Mobil by 625.3% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 469 shares in the last quarter. Evolution Wealth Advisors LLC acquired a new position in shares of Exxon Mobil during the second quarter valued at about $45,000. INR Advisory Services LLC acquired a new position in Exxon Mobil in the 4th quarter worth approximately $43,000. Finally, Interactive Financial Advisors acquired a new position in Exxon Mobil in the 1st quarter worth approximately $65,000. Institutional investors and hedge funds own 54.52% of the company’s stock.
Exxon Mobil stock traded down $0.71 during mid-day trading on Friday, hitting $71.75. The company had a trading volume of 21,374,999 shares, compared to its average volume of 8,843,826. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.50. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The firm’s fifty day moving average is $75.84. The stock has a market cap of $306.59 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.97 and a beta of 0.97.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be given a $0.87 dividend. The ex-dividend date is Monday, August 12th. This represents a $3.48 annualized dividend and a yield of 4.85%. Exxon Mobil’s dividend payout ratio is presently 70.59%.
In other Exxon Mobil news, VP Bryan W. Milton sold 6,033 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total value of $460,559.22. Following the sale, the vice president now owns 219,423 shares in the company, valued at approximately $16,750,751.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.05% of the company’s stock.
Several equities analysts recently weighed in on XOM shares. Morgan Stanley cut their price target on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $85.00 price target on shares of Exxon Mobil in a report on Friday. Zacks Investment Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target on the stock. in a report on Monday, July 22nd. Goldman Sachs Group reiterated a “hold” rating and issued a $80.00 price target on shares of Exxon Mobil in a report on Monday, April 29th. Finally, Tudor Pickering started coverage on shares of Exxon Mobil in a report on Monday, April 8th. They issued 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 company. Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $83.52.
Exxon Mobil 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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