Garrison Bradford & Associates Inc. Sells 17,017 Shares of Exxon Mobil Corporation $XOM

Garrison Bradford & Associates Inc. trimmed its position in Exxon Mobil Corporation (NYSE:XOM) by 88.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,323 shares of the oil and gas company’s stock after selling 17,017 shares during the period. Exxon Mobil comprises 0.3% of Garrison Bradford & Associates Inc.’s investment portfolio, making the stock its 27th biggest position. Garrison Bradford & Associates Inc.’s holdings in Exxon Mobil were worth $250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC raised its stake in shares of Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the period. Brucke Financial Inc. increased its holdings in Exxon Mobil by 2.1% during the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after buying an additional 142 shares during the last quarter. Gutierrez Wealth Advisory LLC purchased a new stake in Exxon Mobil during the first quarter worth about $232,000. Mutual Advisors LLC raised its position in Exxon Mobil by 4.2% in the first quarter. Mutual Advisors LLC now owns 103,917 shares of the oil and gas company’s stock worth $11,282,000 after acquiring an additional 4,203 shares during the period. Finally, MBM Wealth Consultants LLC boosted its stake in Exxon Mobil by 17.0% in the first quarter. MBM Wealth Consultants LLC now owns 3,111 shares of the oil and gas company’s stock valued at $370,000 after acquiring an additional 452 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $114.52 on Monday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21. The stock’s 50-day simple moving average is $113.26 and its 200 day simple moving average is $110.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a market capitalization of $488.21 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion for the quarter. Research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil’s payout ratio is currently 57.56%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s 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 completion of the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Barclays dropped their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Wells Fargo & Company initiated coverage on Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 price target for the company. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Finally, Mizuho dropped their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $127.00.

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.