ExxonMobil Corporation $XOM Shares Sold by Sigma Planning Corp

Sigma Planning Corp lowered its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,117 shares of the oil and gas company’s stock after selling 4,705 shares during the quarter. Sigma Planning Corp’s holdings in ExxonMobil were worth $10,954,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new stake in shares of ExxonMobil during the fourth quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. raised its stake in ExxonMobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 187 shares during the last quarter. Aventus Investment Advisors Inc. purchased a new position in ExxonMobil in the 2nd quarter worth $27,000. Keewaydin Investments LLC acquired a new stake in ExxonMobil during the 4th quarter worth about $33,000. Finally, Portus Wealth Advisors LLC purchased a new stake in ExxonMobil during the 1st quarter valued at about $36,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Stock Up 0.1%

Shares of XOM opened at $156.88 on Monday. The stock’s 50-day moving average price is $150.53 and its 200-day moving average price is $151.88. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $650.26 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 0.62 and a beta of 0.17. ExxonMobil Corporation has a 52 week low of $108.35 and a 52 week high of $176.41.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. On average, sell-side analysts predict that ExxonMobil Corporation will post 11.86 EPS for the current year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is currently 53.02%.

Analysts Set New Price Targets

XOM has been the subject of several research analyst reports. Weiss Ratings upgraded ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. UBS Group set a $168.00 target price on ExxonMobil in a research report on Friday, August 7th. Freedom Capital upgraded shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. HSBC set a $158.00 price target on shares of ExxonMobil in a research report on Monday, August 3rd. Finally, TD Cowen increased their price objective on shares of ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, ExxonMobil currently has an average rating of “Hold” and a consensus price target of $166.10.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices have lifted ExxonMobil’s earnings outlook, reinforcing the bullish view that the company can continue benefiting from its integrated upstream, refining and chemicals operations. I’m Not Selling ExxonMobil, Even With Oil Prices Where They Are
• Positive Sentiment: Valuation analysis indicates XOM may be trading below estimates of its discounted-cash-flow value and below levels suggested by market multiples. The company’s Mozambique LNG contracts also add potential long-term growth and cash-flow support. ExxonMobil Stock Could Trade At A Discount Despite Mozambique LNG Contracts
• Positive Sentiment: ExxonMobil’s low debt load and strong balance sheet provide flexibility to withstand weaker commodity prices, pursue acquisitions and maintain shareholder returns, including its dividend. Why ExxonMobil’s Financial Strength Matters for Investors
• Neutral Sentiment: ExxonMobil is reportedly among potential bidders for Shell’s U.S. chemicals assets, a transaction that could expand its chemicals footprint but would also require significant capital and carry integration risk. Potential Bidders Are Looking at Shell’s Chemical Assets
• Neutral Sentiment: ExxonMobil is scheduled to speak at Barclays’ energy conference, giving investors an opportunity to receive updates on strategy, commodity markets and capital allocation. ExxonMobil to Speak at Barclays 40th Annual Energy-Power Conference
• Negative Sentiment: Crude oil has fallen for several sessions as optimism surrounding the Strait of Hormuz eases the geopolitical supply premium, creating pressure on energy shares and raising concerns about near-term commodity-price momentum. Exxon Slips Below $159 as Hormuz Hope Hits Crude Again
• Negative Sentiment: July PCE inflation exceeded economists’ expectations, potentially keeping interest rates higher for longer and weighing on economically sensitive energy demand and equity valuations. These Three Stocks Are Must-Owns After the PCE Data

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.