Exxon Mobil Co. (NYSE:XOM) Shares Sold by Harvey Investment Co. LLC

Harvey Investment Co. LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,429 shares of the oil and gas company’s stock after selling 2,455 shares during the period. Exxon Mobil makes up approximately 1.6% of Harvey Investment Co. LLC’s portfolio, making the stock its 23rd largest position. Harvey Investment Co. LLC’s holdings in Exxon Mobil were worth $13,749,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil during the 1st quarter worth $25,000. First Pacific Financial purchased a new stake in Exxon Mobil during the 1st quarter worth about $34,000. Lynx Investment Advisory purchased a new stake in Exxon Mobil in the 2nd quarter worth approximately $47,000. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $46,000. Finally, Vima LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $50,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $114.74 on Friday. The firm has a market cap of $452.42 billion, a P/E ratio of 14.06, a PEG ratio of 4.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The stock’s 50-day moving average is $115.00 and its two-hundred day moving average is $113.68.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter last year, the company posted $1.94 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analyst Weigh In

XOM has been the topic of several recent analyst reports. Mizuho increased their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. UBS Group increased their target price on Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday. Sanford C. Bernstein lowered their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Finally, Wolfe Research started coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $134.56.

Exxon Mobil Company 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.