Bard Financial Services Inc. Cuts Position in Exxon Mobil Co. (NYSE:XOM)

Bard Financial Services Inc. lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,080 shares of the oil and gas company’s stock after selling 4,985 shares during the period. Bard Financial Services Inc.’s holdings in Exxon Mobil were worth $10,412,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stone House Investment Management LLC purchased a new stake in Exxon Mobil during the 1st quarter worth approximately $25,000. KB Financial Partners LLC purchased a new stake in Exxon Mobil during the 1st quarter worth approximately $27,000. Dark Forest Capital Management LP purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $27,000. Artemis Wealth Advisors LLC purchased a new stake in Exxon Mobil during the 1st quarter worth approximately $36,000. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in Exxon Mobil during the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the transaction, the vice president now owns 27,772 shares of the company’s stock, valued at $3,193,780. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Jeffrey W. Ubben acquired 458,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were bought at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the acquisition, the director now owns 1,635,000 shares in the company, valued at approximately $174,830,550. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the transaction, the vice president now directly owns 27,772 shares in the company, valued at approximately $3,193,780. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wolfe Research lowered Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. StockNews.com assumed coverage on Exxon Mobil in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Redburn Partners upgraded Exxon Mobil from a “sell” rating to a “neutral” rating and upped their price objective for the company from $100.00 to $105.00 in a report on Thursday, August 31st. UBS Group upped their price objective on Exxon Mobil from $135.00 to $139.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Finally, HSBC upped their price objective on Exxon Mobil from $110.00 to $116.00 in a report on Wednesday, August 9th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.78.

Exxon Mobil Stock Up 0.8 %

Shares of NYSE XOM opened at $117.69 on Tuesday. The stock has a market cap of $471.14 billion, a P/E ratio of 9.42, a PEG ratio of 0.61 and a beta of 1.08. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 12-month low of $83.89 and a 12-month high of $119.92. The business’s fifty day simple moving average is $108.65 and its 200-day simple moving average is $108.49.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.06). The business had revenue of $82.91 billion during the quarter, compared to analysts’ expectations of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The business’s quarterly revenue was down 28.3% compared to the same quarter last year. During the same period last year, the company earned $4.14 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.09%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 29.12%.

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.