Picton Mahoney Asset Management Has $6.02 Million Position in Exxon Mobil Co. (NYSE:XOM)

Picton Mahoney Asset Management decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,287 shares of the oil and gas company’s stock after selling 2,318 shares during the quarter. Picton Mahoney Asset Management’s holdings in Exxon Mobil were worth $6,019,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Exxon Mobil by 18.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 56,305 shares of the oil and gas company’s stock worth $6,473,000 after purchasing an additional 8,835 shares in the last quarter. Sollinda Capital Management LLC increased its holdings in Exxon Mobil by 6.3% in the second quarter. Sollinda Capital Management LLC now owns 3,487 shares of the oil and gas company’s stock worth $401,000 after buying an additional 207 shares during the last quarter. Garrison Bradford & Associates Inc. bought a new position in Exxon Mobil during the second quarter valued at approximately $2,856,000. Advisors Management Group Inc. ADV lifted its stake in Exxon Mobil by 7.1% in the second quarter. Advisors Management Group Inc. ADV now owns 24,876 shares of the oil and gas company’s stock valued at $2,864,000 after acquiring an additional 1,645 shares during the last quarter. Finally, Confluence Wealth Services Inc. grew its position in Exxon Mobil by 22.2% in the second quarter. Confluence Wealth Services Inc. now owns 65,553 shares of the oil and gas company’s stock worth $7,546,000 after acquiring an additional 11,929 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM stock opened at $117.94 on Tuesday. The company has a market capitalization of $465.04 billion, a P/E ratio of 14.45, a P/E/G ratio of 4.70 and a beta of 0.91. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a 50 day moving average of $116.00 and a two-hundred day moving average of $114.59.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the previous year, the company earned $1.94 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 8.37 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on XOM shares. Morgan Stanley restated an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Wolfe Research initiated coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. Mizuho increased their price objective on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Truist Financial reduced their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Finally, Barclays lowered their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.29.

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.