Regency Capital Management Inc. DE Has $292,000 Stock Position in Exxon Mobil Corporation $XOM

Regency Capital Management Inc. DE lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.6% during the second quarter, Holdings Channel reports. The fund owned 2,706 shares of the oil and gas company’s stock after selling 100 shares during the quarter. Regency Capital Management Inc. DE’s holdings in Exxon Mobil were worth $292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the 1st quarter valued at about $29,000. Elequin Capital LP purchased a new position in Exxon Mobil during the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd increased its stake in 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 during the period. Game Plan Financial Advisors LLC increased its stake in Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 300 shares during the period. Finally, 1248 Management LLC purchased a new stake in Exxon Mobil in the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.2%

Exxon Mobil stock opened at $114.08 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $124.26. The firm has a fifty day moving average price of $111.28 and a two-hundred day moving average price of $109.54. The firm has a market cap of $486.35 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 2.07 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping 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 business had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same period in the previous year, the company posted $2.14 earnings per share. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Insider Activity

In other 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 sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on XOM. Barclays dropped their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday. Morgan Stanley upped their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. TD Cowen boosted their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Finally, Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.79.

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.