Exxon Mobil Corporation $XOM Shares Sold by Energy Income Partners LLC

Energy Income Partners LLC cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 6.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 605,137 shares of the oil and gas company’s stock after selling 38,741 shares during the period. Exxon Mobil comprises about 1.3% of Energy Income Partners LLC’s holdings, making the stock its 29th largest holding. Energy Income Partners LLC’s holdings in Exxon Mobil were worth $65,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Elequin Capital LP purchased a new stake in shares of Exxon Mobil during the first quarter worth approximately $31,000. Game Plan Financial Advisors LLC grew its holdings in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 300 shares in the last quarter. 1248 Management LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $40,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at $38,000. Finally, Bare Financial Services Inc lifted its position in shares of Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.6%

NYSE:XOM opened at $118.77 on Friday. The company has a market capitalization of $500.88 billion, a PE ratio of 17.26, a P/E/G ratio of 1.50 and a beta of 0.38. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $120.81. The stock’s 50 day moving average price is $115.60 and its 200 day moving average price is $112.16. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is 59.88%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Jefferies Financial Group raised their price target on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a research report on Monday, December 8th. TD Cowen boosted their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a research note on Tuesday. Finally, Morgan Stanley boosted their price objective on shares of Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $129.24.

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.