PFC Capital Group Inc. Sells 1,363 Shares of Exxon Mobil Corporation $XOM

PFC Capital Group Inc. lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 20.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,362 shares of the oil and gas company’s stock after selling 1,363 shares during the quarter. PFC Capital Group Inc.’s holdings in Exxon Mobil were worth $578,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Elequin Capital LP purchased a new position in Exxon Mobil in the first quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC boosted its holdings in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $38,000. Finally, 1248 Management LLC bought a new position in shares of Exxon Mobil during the 1st quarter worth approximately $40,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $117.08 on Monday. The business has a fifty day moving average of $114.69 and a 200 day moving average of $111.13. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market capitalization of $493.75 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Mizuho lowered their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Exxon Mobil in a report on Wednesday. Melius began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Barclays decreased their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, Bank of America boosted their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.67.

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.