Agate Pass Investment Management LLC Decreases Holdings in Exxon Mobil Co. (NYSE:XOM)

Agate Pass Investment Management LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,624 shares of the oil and gas company’s stock after selling 560 shares during the period. Exxon Mobil makes up about 1.1% of Agate Pass Investment Management LLC’s holdings, making the stock its 29th biggest holding. Agate Pass Investment Management LLC’s holdings in Exxon Mobil were worth $2,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Carmel Capital Partners LLC raised its holdings in Exxon Mobil by 1.0% in the first quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock worth $1,022,000 after purchasing an additional 86 shares in the last quarter. PFS Partners LLC grew its position in shares of Exxon Mobil by 0.5% in the 1st quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock worth $2,190,000 after buying an additional 89 shares during the period. Bay Rivers Group increased its stake in shares of Exxon Mobil by 2.5% in the 1st quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock worth $436,000 after acquiring an additional 90 shares in the last quarter. WPWealth LLP lifted its position in Exxon Mobil by 1.0% during the 1st quarter. WPWealth LLP now owns 8,701 shares of the oil and gas company’s stock valued at $1,011,000 after acquiring an additional 90 shares during the period. Finally, Gilbert & Cook Inc. boosted its stake in Exxon Mobil by 0.4% during the first quarter. Gilbert & Cook Inc. now owns 25,564 shares of the oil and gas company’s stock worth $2,972,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.0 %

Shares of Exxon Mobil stock opened at $117.86 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a market cap of $464.72 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The company’s 50 day moving average is $114.37 and its 200 day moving average is $113.15.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the prior year, the firm earned $1.94 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analysts Set New Price Targets

XOM has been the subject of a number of analyst reports. Barclays decreased their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. TD Cowen raised their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Mizuho boosted their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company reduced their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Truist Financial dropped their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.39.

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.