Rebalance LLC Sells 234 Shares of Exxon Mobil Corporation $XOM

Rebalance LLC lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 7.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 2,734 shares of the oil and gas company’s stock after selling 234 shares during the quarter. Rebalance LLC’s holdings in Exxon Mobil were worth $295,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Summit Global Investments increased its position in shares of Exxon Mobil by 40.1% during the 1st quarter. Summit Global Investments now owns 12,058 shares of the oil and gas company’s stock valued at $1,434,000 after purchasing an additional 3,453 shares during the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at about $394,000. Rothschild Investment LLC increased its position in shares of Exxon Mobil by 0.9% during the 1st quarter. Rothschild Investment LLC now owns 144,582 shares of the oil and gas company’s stock valued at $17,195,000 after purchasing an additional 1,272 shares during the last quarter. St. Louis Financial Planners Asset Management LLC purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at about $2,846,000. Finally, Legacy Financial Strategies LLC purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at about $228,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.3%

Shares of XOM opened at $117.15 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a 50 day simple moving average of $110.83 and a two-hundred day simple moving average of $109.52. The firm has a market cap of $499.44 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 2.13 and a beta of 0.57.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $79.07 billion. During the same period last year, the firm posted $2.14 EPS. The company’s revenue was down 12.4% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on XOM shares. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. TD Cowen increased their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Morgan Stanley increased their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Mizuho reduced their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Finally, UBS Group increased their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $125.00.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the 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 completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.