Moulton Wealth Management Inc. reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 19.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,638 shares of the oil and gas company’s stock after selling 2,616 shares during the period. Exxon Mobil accounts for 0.6% of Moulton Wealth Management Inc.’s holdings, making the stock its 11th biggest holding. Moulton Wealth Management Inc.’s holdings in Exxon Mobil were worth $469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Danda Trouve Investment Management Inc. bought a new position in Exxon Mobil in the 4th quarter worth about $47,000. Filbrandt Wealth Management LLC bought a new position in Exxon Mobil in the 4th quarter worth about $49,000. TFO TDC LLC lifted its position in shares of Exxon Mobil by 137.4% in the 1st quarter. TFO TDC LLC now owns 864 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 500 shares during the period. PrairieView Partners LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $37,000. Finally, Lionsbridge Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $87,000. Institutional investors and hedge funds own 52.23% of the company’s stock.
XOM stock traded down $0.17 during midday trading on Wednesday, hitting $43.09. 9,461,479 shares of the stock traded hands, compared to its average volume of 24,235,942. The firm has a market cap of $185.09 billion, a P/E ratio of 16.40 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52. The stock’s fifty day simple moving average is $46.46 and its 200-day simple moving average is $51.55. Exxon Mobil Co. has a 1-year low of $30.11 and a 1-year high of $77.88.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.49. The company had revenue of $56.16 billion for the quarter, compared to analyst estimates of $58.25 billion. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The firm’s revenue was down 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.55 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post -1.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 8.08%. The ex-dividend date of this dividend was Tuesday, May 12th. Exxon Mobil’s payout ratio is 154.67%.
XOM has been the subject of several research reports. Bank of America reaffirmed a “buy” rating and issued a $70.00 price target on shares of Exxon Mobil in a research report on Monday, May 4th. Jefferies Financial Group reaffirmed a “neutral” rating and issued a $38.00 price target on shares of Exxon Mobil in a research report on Monday, March 16th. Morgan Stanley lowered their price target on shares of Exxon Mobil from $73.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, March 16th. Redburn Partners raised shares of Exxon Mobil from a “sell” rating to a “neutral” rating in a research report on Wednesday, May 13th. Finally, Mizuho decreased their target price on shares of Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.09.
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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