Exxon Mobil Corporation $XOM Shares Sold by Appleton Partners Inc. MA

Appleton Partners Inc. MA cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 4.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,334 shares of the oil and gas company’s stock after selling 1,544 shares during the quarter. Appleton Partners Inc. MA’s holdings in Exxon Mobil were worth $3,378,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil during the 1st quarter worth $29,000. Elequin Capital LP purchased a new position in shares of Exxon Mobil during the 1st quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 238 shares during the period. Game Plan Financial Advisors LLC grew its holdings in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 300 shares during the period. Finally, 1248 Management LLC purchased a new position in shares of Exxon Mobil during the 1st quarter worth $40,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM opened at $114.08 on Thursday. The stock has a 50-day simple moving average of $111.28 and a 200-day simple moving average of $109.54. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a market capitalization of $486.35 billion, a PE ratio of 16.20, a PEG ratio of 2.07 and a beta of 0.51. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $124.26.

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 the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.14 EPS. On average, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research analyst reports. Barclays lowered their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday. Mizuho dropped their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. UBS Group lifted their target price on Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. TD Cowen lifted their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $125.79.

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.