Prudent Investors Network Has $454,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

Prudent Investors Network cut its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 53.8% during the first quarter, Holdings Channel.com reports. The firm owned 5,493 shares of the oil and gas company’s stock after selling 6,406 shares during the quarter. Exxon Mobil accounts for about 0.2% of Prudent Investors Network’s portfolio, making the stock its 27th biggest position. Prudent Investors Network’s holdings in Exxon Mobil were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Qube Research & Technologies Ltd acquired a new stake in Exxon Mobil in the 4th quarter valued at about $35,101,000. AGF Investments LLC lifted its stake in Exxon Mobil by 1,012.1% in the 4th quarter. AGF Investments LLC now owns 6,239 shares of the oil and gas company’s stock valued at $382,000 after purchasing an additional 5,678 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in Exxon Mobil by 10.3% in the 4th quarter. Pinnacle Associates Ltd. now owns 160,129 shares of the oil and gas company’s stock valued at $9,798,000 after purchasing an additional 14,952 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Exxon Mobil by 6.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 253,446 shares of the oil and gas company’s stock valued at $15,508,000 after purchasing an additional 14,238 shares during the last quarter. Finally, SlateStone Wealth LLC lifted its stake in Exxon Mobil by 41.9% in the 4th quarter. SlateStone Wealth LLC now owns 9,028 shares of the oil and gas company’s stock valued at $552,000 after purchasing an additional 2,666 shares during the last quarter. 54.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on XOM. Credit Suisse Group upgraded shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and raised their target price for the company from $115.00 to $125.00 in a research note on Tuesday, June 21st. Morgan Stanley cut their price objective on shares of Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Tuesday, July 19th. StockNews.com downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Royal Bank of Canada upgraded shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $90.00 to $100.00 in a research report on Thursday, April 21st. Finally, Bank of America raised their price objective on shares of Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $96.40.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $88.45 on Friday. The company’s 50 day simple moving average is $90.93 and its 200 day simple moving average is $85.91. The stock has a market capitalization of $372.60 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.31 and a beta of 1.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. Exxon Mobil Co. has a 1 year low of $52.10 and a 1 year high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last posted its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.74 by $0.40. The firm had revenue of $115.68 billion for the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company’s revenue was up 70.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 12.35 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.88 per share. The ex-dividend date is Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.98%. Exxon Mobil’s payout ratio is presently 38.51%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the sale, the vice president now owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the transaction, the vice president now owns 27,863 shares in the company, valued at $2,635,839.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the transaction, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,147 shares of company stock valued at $698,858. 0.04% of the stock is currently owned by insiders.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

See Also

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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