Fox Hill Wealth Management Sells 228 Shares of Exxon Mobil Corporation $XOM

Fox Hill Wealth Management lowered its holdings in Exxon Mobil Corporation (NYSE:XOM) by 6.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,495 shares of the oil and gas company’s stock after selling 228 shares during the period. Fox Hill Wealth Management’s holdings in Exxon Mobil were worth $377,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 10Elms LLP acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $25,000. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $29,000. Elequin Capital LP acquired a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares in the last quarter. Finally, Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $32,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.1%

Shares of NYSE XOM opened at $112.21 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The firm has a 50 day moving average price of $110.55 and a two-hundred day moving average price of $109.15. The stock has a market cap of $478.38 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57.

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

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio is 56.25%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on XOM. Barclays restated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Melius assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Bank of America upped their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, UBS Group upped their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $124.81.

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.