Mraz Amerine & Associates Inc. Sells 673 Shares of Exxon Mobil Corporation $XOM

Mraz Amerine & Associates Inc. decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 19.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,875 shares of the oil and gas company’s stock after selling 673 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in Exxon Mobil were worth $310,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $2,730,414,000. GQG Partners LLC lifted its position in Exxon Mobil by 15,135.7% in the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock worth $1,197,753,000 after purchasing an additional 10,004,975 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in Exxon Mobil in the 2nd quarter valued at $607,621,000. Ameriprise Financial Inc. raised its stake in shares of Exxon Mobil by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after buying an additional 2,639,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Exxon Mobil by 72.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock worth $598,280,000 after acquiring an additional 2,332,293 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.2%

Shares of NYSE:XOM opened at $114.08 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a market cap of $486.35 billion, a P/E ratio of 16.20, a P/E/G ratio of 2.07 and a beta of 0.51. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $124.26. The company’s 50-day moving average price is $111.28 and its two-hundred day moving average price is $109.54.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same period in the prior year, the business earned $2.14 earnings per share. Exxon Mobil’s quarterly revenue was down 12.4% on a year-over-year basis. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Melius began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Mizuho lowered their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. Finally, Melius Research assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.79.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

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.