Sand Hill Global Advisors LLC Has $1.86 Million Stock Position in Exxon Mobil Corporation $XOM

Sand Hill Global Advisors LLC lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 7.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,624 shares of the oil and gas company’s stock after selling 1,277 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in Exxon Mobil were worth $1,858,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Quantinno Capital Management LP increased its position in shares of Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company’s stock worth $61,332,000 after purchasing an additional 110,772 shares during the period. Accredited Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth $55,000. Journey Strategic Wealth LLC increased its position in shares of Exxon Mobil by 6.7% in the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock worth $2,608,000 after purchasing an additional 1,379 shares during the period. Legacy Trust increased its position in shares of Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock worth $1,054,000 after purchasing an additional 997 shares during the period. Finally, Hartford Funds Management Co LLC increased its position in shares of Exxon Mobil by 51.8% in the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock worth $912,000 after purchasing an additional 2,617 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $106.54 on Monday. The stock’s 50 day moving average is $110.25 and its 200 day moving average is $108.88. 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 cap of $454.21 billion, a P/E ratio of 15.13, a P/E/G ratio of 2.00 and a beta of 0.53. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34.

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 analysts’ consensus estimates of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.14 earnings per share. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.7%. Exxon Mobil’s payout ratio is 56.25%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays restated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wall Street Zen cut Exxon Mobil from a “hold” rating to a “sell” rating in a research report on Saturday. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. Finally, Morgan Stanley lifted their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $125.26.

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.