Exxon Mobil Corporation $XOM Position Cut by Hill Investment Group Partners LLC

Hill Investment Group Partners LLC lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 17.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,910 shares of the oil and gas company’s stock after selling 832 shares during the period. Hill Investment Group Partners LLC’s holdings in Exxon Mobil were worth $421,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of XOM. Fiducient Advisors LLC lifted its stake in shares of Exxon Mobil by 363.7% in the 2nd quarter. Fiducient Advisors LLC now owns 32,029 shares of the oil and gas company’s stock worth $3,453,000 after acquiring an additional 25,121 shares during the period. Atlantic Family Wealth LLC bought a new position in Exxon Mobil during the 2nd quarter valued at $288,000. Summit Global Investments increased its position in shares of Exxon Mobil by 512.6% during the 2nd quarter. Summit Global Investments now owns 73,872 shares of the oil and gas company’s stock valued at $7,963,000 after purchasing an additional 61,814 shares during the period. TCP Asset Management LLC raised its stake in shares of Exxon Mobil by 2.8% in the 2nd quarter. TCP Asset Management LLC now owns 6,161 shares of the oil and gas company’s stock worth $664,000 after buying an additional 169 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at $9,472,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.1%

Shares of XOM stock opened at $117.08 on Monday. 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’s 50 day simple moving average is $114.69 and its 200 day simple moving average is $111.13. The company has a market capitalization of $493.75 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21.

Exxon Mobil (NYSE:XOM) last announced its 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 net margin of 9.17% and a return on equity of 11.34%. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be issued a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s payout ratio is currently 59.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Mizuho cut their price target 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. Melius started coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Piper Sandler raised their price objective on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Wells Fargo & Company assumed coverage on Exxon Mobil in a report on Friday, October 17th. They set an “overweight” rating and a $156.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Exxon Mobil in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.67.

Exxon Mobil Company 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.