Milestone Asset Management LLC Reduces Position in Exxon Mobil Corporation $XOM

Milestone Asset Management LLC decreased its position in Exxon Mobil Corporation (NYSE:XOM) by 6.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,933 shares of the oil and gas company’s stock after selling 529 shares during the period. Milestone Asset Management LLC’s holdings in Exxon Mobil were worth $855,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of XOM. Axis Wealth Partners LLC increased its position in shares of Exxon Mobil by 1.8% during the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after purchasing an additional 90 shares in the last quarter. Park Edge Advisors LLC increased its position in shares of Exxon Mobil by 0.3% in the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after acquiring an additional 91 shares during the period. Willow Creek Wealth Management Inc. increased its position in shares of Exxon Mobil by 3.6% in the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after acquiring an additional 91 shares during the period. Chapin Davis Inc. increased its position in shares of Exxon Mobil by 2.1% in the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock valued at $497,000 after acquiring an additional 93 shares during the period. Finally, Cascade Investment Group Inc. increased its position in shares of Exxon Mobil by 2.1% in the 2nd quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock valued at $476,000 after acquiring an additional 93 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XOM. Melius Research started coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Mizuho cut their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.50.

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 transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 0.4%

Exxon Mobil stock opened at $113.85 on Tuesday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21. 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 firm has a 50 day moving average price of $113.30 and a 200 day moving average price of $110.08. The company has a market capitalization of $485.37 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51.

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

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be given a dividend of $1.03 per share. This is an increase 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 annualized dividend and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio is presently 57.56%.

Exxon Mobil 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.