Harbor Investment Advisory LLC Cuts Stake in Exxon Mobil Corporation $XOM

Harbor Investment Advisory LLC cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,676 shares of the oil and gas company’s stock after selling 1,550 shares during the period. Harbor Investment Advisory LLC’s holdings in Exxon Mobil were worth $4,385,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil during the first quarter valued at $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil during the first quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Exxon Mobil by 396.7% during the first 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 during the last quarter. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $32,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.1%

NYSE XOM opened at $112.21 on Friday. The stock’s 50-day moving average price is $110.55 and its 200-day moving average price is $109.15. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market capitalization of $478.38 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter last year, the company earned $2.14 earnings per share. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Insider Activity 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 value of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

XOM has been the topic of several recent analyst reports. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday. TD Cowen increased their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Bank of America increased their target price on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. Finally, Melius assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $124.81.

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.