Tevis Investment Management Trims Holdings in Exxon Mobil Corporation $XOM

Tevis Investment Management cut its holdings in Exxon Mobil Corporation (NYSE:XOM) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,460 shares of the oil and gas company’s stock after selling 1,972 shares during the quarter. Tevis Investment Management’s holdings in Exxon Mobil were worth $1,667,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Alexander Labrunerie & CO. Inc. grew its position in shares of Exxon Mobil by 0.8% in the 2nd quarter. Alexander Labrunerie & CO. Inc. now owns 48,030 shares of the oil and gas company’s stock worth $5,178,000 after buying an additional 381 shares during the period. Advisory Alpha LLC grew its position in shares of Exxon Mobil by 7.4% in the 2nd quarter. Advisory Alpha LLC now owns 38,287 shares of the oil and gas company’s stock worth $4,128,000 after buying an additional 2,654 shares during the period. Rossby Financial LCC grew its position in shares of Exxon Mobil by 4.0% in the 2nd quarter. Rossby Financial LCC now owns 9,355 shares of the oil and gas company’s stock worth $1,008,000 after buying an additional 357 shares during the period. Facet Wealth Inc. grew its position in shares of Exxon Mobil by 52.9% in the 2nd quarter. Facet Wealth Inc. now owns 6,251 shares of the oil and gas company’s stock worth $698,000 after buying an additional 2,162 shares during the period. Finally, Shilanski & Associates Inc. grew its position in Exxon Mobil by 1.5% during the 2nd quarter. Shilanski & Associates Inc. now owns 59,650 shares of the oil and gas company’s stock valued at $6,430,000 after purchasing an additional 892 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

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 dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $115.07 on Wednesday. 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 $490.56 billion, a P/E ratio of 16.34, a P/E/G ratio of 2.06 and a beta of 0.51. The company’s 50-day simple moving average is $112.92 and its two-hundred day simple moving average is $109.74. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.4%. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Analyst Upgrades and Downgrades

Several analysts recently commented on XOM shares. Melius started 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 on the stock. Melius Research started 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 on the stock. Morgan Stanley increased their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Wells Fargo & Company started coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective on the stock. 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.58.

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.