Clarity Capital Partners LLC Trims Holdings in Exxon Mobil Corporation $XOM

Clarity Capital Partners LLC trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 12.7% during the second quarter, HoldingsChannel.com reports. The firm owned 7,486 shares of the oil and gas company’s stock after selling 1,085 shares during the quarter. Clarity Capital Partners LLC’s holdings in Exxon Mobil were worth $807,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in XOM. Bank of New York Mellon Corp lifted its stake in Exxon Mobil by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock worth $5,390,318,000 after purchasing an additional 1,340,343 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Exxon Mobil by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock worth $3,850,167,000 after purchasing an additional 512,860 shares during the period. Ameriprise Financial Inc. raised its position in shares of Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after buying an additional 2,639,797 shares in the last quarter. Amundi boosted its stake in Exxon Mobil by 9.7% during the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company’s stock valued at $2,966,598,000 after buying an additional 2,329,964 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Exxon Mobil by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock worth $3,028,968,000 after buying an additional 909,386 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on XOM shares. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. UBS Group lifted their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Morgan Stanley lifted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Melius started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $125.00.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $113.25 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The stock has a market cap of $482.81 billion, a PE ratio of 16.09, a PEG ratio of 2.06 and a beta of 0.51. The company’s fifty day moving average is $111.15 and its 200 day moving average is $109.48. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. During the same period last year, the firm earned $2.14 earnings per share. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is 56.25%.

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.