Sage Mountain Advisors LLC Sells 782 Shares of Exxon Mobil Corporation $XOM

Sage Mountain Advisors LLC lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.8% during the second quarter, Holdings Channel.com reports. The fund owned 42,927 shares of the oil and gas company’s stock after selling 782 shares during the period. Sage Mountain Advisors LLC’s holdings in Exxon Mobil were worth $4,628,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. DDD Partners LLC increased its stake in shares of Exxon Mobil by 19.9% in the 2nd quarter. DDD Partners LLC now owns 8,165 shares of the oil and gas company’s stock valued at $880,000 after purchasing an additional 1,354 shares during the last quarter. Lee Danner & Bass Inc. increased its stake in shares of Exxon Mobil by 2.0% in the 2nd quarter. Lee Danner & Bass Inc. now owns 155,207 shares of the oil and gas company’s stock valued at $16,731,000 after purchasing an additional 3,115 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Exxon Mobil by 1.8% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,333,546 shares of the oil and gas company’s stock valued at $1,113,956,000 after purchasing an additional 184,870 shares during the last quarter. West Michigan Advisors LLC increased its stake in shares of Exxon Mobil by 2.5% in the 2nd quarter. West Michigan Advisors LLC now owns 3,990 shares of the oil and gas company’s stock valued at $430,000 after purchasing an additional 96 shares during the last quarter. Finally, Harbour Investment Management LLC increased its stake in shares of Exxon Mobil by 8.0% in the 2nd quarter. Harbour Investment Management LLC now owns 6,776 shares of the oil and gas company’s stock valued at $730,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $115.39 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a 50 day moving average price of $112.58 and a two-hundred day moving average price of $109.54. The firm has a market capitalization of $491.94 billion, a P/E ratio of 16.39, a P/E/G ratio of 2.05 and a beta of 0.51. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21.

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

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.4%. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on XOM. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Melius began coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Mizuho cut their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a report on Friday. Finally, UBS Group lifted their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $127.58.

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.