Elgethun Capital Management Has $846,000 Stake in Exxon Mobil Corporation $XOM

Elgethun Capital Management reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 12.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,845 shares of the oil and gas company’s stock after selling 1,126 shares during the quarter. Elgethun Capital Management’s holdings in Exxon Mobil were worth $846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Elequin Capital LP acquired a new position in Exxon Mobil during the first quarter valued at approximately $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 worth $35,000 after purchasing an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC grew 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 during the period. Marshall & Sullivan Inc. WA acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $38,000. Finally, 1248 Management LLC bought a new stake in shares of Exxon Mobil in the 1st quarter valued at $40,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 0.4%

Shares of Exxon Mobil stock opened at $114.93 on Thursday. The firm has a market cap of $484.67 billion, a PE ratio of 16.33, a P/E/G ratio of 2.06 and a beta of 0.49. The business’s 50 day simple moving average is $114.76 and its 200 day simple moving average is $111.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $120.81.

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

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Exxon Mobil in a report on Tuesday. Melius assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. UBS Group increased their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Barclays reduced their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price 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.