M&R Capital Management Inc. Has $1.42 Million Stake in Exxon Mobil Co. (NYSE:XOM)

M&R Capital Management Inc. trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 10.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,503 shares of the oil and gas company’s stock after selling 4,682 shares during the quarter. M&R Capital Management Inc.’s holdings in Exxon Mobil were worth $1,424,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Reitz Capital Advisors LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at about $33,000. Financial Insights Inc. acquired a new stake in shares of Exxon Mobil in the second quarter valued at about $250,000. Capstone Financial Group Inc. grew its position in shares of Exxon Mobil by 49.0% in the second quarter. Capstone Financial Group Inc. now owns 1,116 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 367 shares during the last quarter. Evolution Wealth Advisors LLC grew its position in shares of Exxon Mobil by 2,790.7% in the second quarter. Evolution Wealth Advisors LLC now owns 1,243 shares of the oil and gas company’s stock valued at $56,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $52,000. 50.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:XOM traded down $1.20 during trading on Thursday, reaching $33.13. The stock had a trading volume of 36,863,498 shares, compared to its average volume of 28,361,260. Exxon Mobil Co. has a 52 week low of $30.11 and a 52 week high of $73.12. The business’s 50-day moving average price is $39.05 and its 200 day moving average price is $42.21. 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 stock has a market capitalization of $140.08 billion, a PE ratio of 19.72 and a beta of 1.26.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 13th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 10.50%. The ex-dividend date of this dividend was Wednesday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 154.67%.

Several equities research analysts have recently issued reports on the company. SunTrust Banks assumed coverage on Exxon Mobil in a research report on Thursday, July 23rd. They issued a “hold” rating and a $41.00 price target on the stock. Scotiabank upgraded shares of Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 target price for the company in a research note on Wednesday, September 23rd. 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 target price for the company. Cowen reiterated a “hold” rating and issued a $34.00 target price on shares of Exxon Mobil in a research note on Thursday, July 2nd. Finally, Morgan Stanley increased their target price on shares of Exxon Mobil from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, August 21st. Five research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and three have assigned a buy rating to the company’s stock. Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $51.22.

Exxon Mobil Company Profile

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.

Further Reading: Most Volatile Stocks – What Investors Need to Know to Maximize ROI

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.