Capital Advisors Inc. OK Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Capital Advisors Inc. OK lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 32.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,237 shares of the oil and gas company’s stock after selling 42,522 shares during the quarter. Capital Advisors Inc. OK’s holdings in Exxon Mobil were worth $3,938,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in XOM. Nations Financial Group Inc. IA ADV grew its stake in shares of Exxon Mobil by 2.8% during the first quarter. Nations Financial Group Inc. IA ADV now owns 8,524 shares of the oil and gas company’s stock worth $324,000 after purchasing an additional 232 shares in the last quarter. JGP Wealth Management LLC boosted its stake in Exxon Mobil by 1.8% in the second quarter. JGP Wealth Management LLC now owns 13,244 shares of the oil and gas company’s stock valued at $571,000 after acquiring an additional 239 shares in the last quarter. Portfolio Solutions LLC boosted its stake in Exxon Mobil by 3.7% in the first quarter. Portfolio Solutions LLC now owns 6,818 shares of the oil and gas company’s stock valued at $259,000 after acquiring an additional 246 shares in the last quarter. Cedar Brook Financial Partners LLC boosted its stake in Exxon Mobil by 1.6% in the second quarter. Cedar Brook Financial Partners LLC now owns 15,329 shares of the oil and gas company’s stock valued at $686,000 after acquiring an additional 248 shares in the last quarter. Finally, Vicus Capital boosted its stake in Exxon Mobil by 0.9% in the second quarter. Vicus Capital now owns 27,905 shares of the oil and gas company’s stock valued at $1,248,000 after acquiring an additional 249 shares in the last quarter. 50.90% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil stock traded up $1.54 during mid-day trading on Wednesday, reaching $37.81. The company had a trading volume of 29,875,115 shares, compared to its average volume of 28,316,205. Exxon Mobil Co. has a 1 year low of $30.11 and a 1 year high of $74.08. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58. The company has a market capitalization of $153.36 billion, a P/E ratio of 22.44 and a beta of 1.26. The stock’s 50-day simple moving average is $41.25 and its 200-day simple moving average is $43.33.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The company had revenue of $32.61 billion during the quarter, compared to analysts’ expectations of $38.16 billion. During the same period last year, the business posted $0.61 earnings per share. The company’s quarterly revenue was down 52.8% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post -0.32 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th were issued a $0.87 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 9.20%. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.

Several equities analysts have issued reports on the stock. MKM Partners assumed coverage on shares of Exxon Mobil in a research note on Wednesday, September 9th. They issued a “buy” rating and a $55.00 price objective for the company. Cowen restated a “hold” rating and issued a $34.00 price objective on shares of Exxon Mobil in a research note on Thursday, July 2nd. Credit Suisse Group initiated coverage on shares of Exxon Mobil in a research note on Tuesday, August 4th. They set a “hold” rating and a $47.00 target price for the company. JPMorgan Chase & Co. reiterated a “hold” rating and set a $51.00 target price on shares of Exxon Mobil in a research note on Tuesday, June 9th. Finally, SunTrust Banks initiated coverage on shares of Exxon Mobil in a research note on Thursday, July 23rd. They set a “hold” rating and a $41.00 target price for the company. Six research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and three have given a buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $51.30.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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