Allred Capital Management LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,734 shares of the oil and gas company’s stock after selling 1,584 shares during the period. Exxon Mobil accounts for approximately 1.9% of Allred Capital Management LLC’s portfolio, making the stock its 7th largest position. Allred Capital Management LLC’s holdings in Exxon Mobil were worth $3,153,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Massey Quick Simon & CO. LLC increased its holdings in shares of Exxon Mobil by 121.2% in the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 183 shares during the period. Krane Funds Advisors LLC acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at $26,000. Asset Planning Services Ltd. boosted its holdings in shares of Exxon Mobil by 1,984.0% in the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 496 shares in the last quarter. Evolution Wealth Advisors LLC acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at $45,000. Finally, INR Advisory Services LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 54.42% of the company’s stock.
Shares of Exxon Mobil stock traded down $0.22 during trading on Monday, reaching $68.75. 261,112 shares of the stock were exchanged, compared to its average volume of 11,495,629. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average is $70.06 and its 200 day moving average is $75.09. The firm has a market cap of $287.63 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $86.88.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.06%. Exxon Mobil’s dividend payout ratio is currently 70.59%.
A number of equities research analysts have weighed in on XOM shares. UBS Group reduced their target price on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Credit Suisse Group set a $74.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Friday, August 2nd. Berenberg Bank reaffirmed a “hold” rating and issued a $63.00 price target (down previously from $73.00) on shares of Exxon Mobil in a report on Monday. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a report on Friday, August 2nd. Finally, Barclays initiated coverage on shares of Exxon Mobil in a report on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $80.52.
In other news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, the vice president now directly owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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