Exxon Mobil Co. (NYSE:XOM) Shares Sold by Rice Partnership LLC

Rice Partnership LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 13.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,766 shares of the oil and gas company’s stock after selling 1,409 shares during the quarter. Rice Partnership LLC’s holdings in Exxon Mobil were worth $1,009,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of XOM. International Assets Investment Management LLC raised its holdings in shares of Exxon Mobil by 3.2% during the fourth quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock worth $4,918,000 after purchasing an additional 1,539 shares during the last quarter. Gilbert & Cook Inc. raised its stake in shares of Exxon Mobil by 2.2% during the 4th quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock valued at $2,547,000 after buying an additional 545 shares during the last quarter. Aveo Capital Partners LLC raised its stake in shares of Exxon Mobil by 5.0% during the 4th quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock valued at $2,053,000 after buying an additional 984 shares during the last quarter. Gryphon Financial Partners LLC boosted its stake in shares of Exxon Mobil by 42.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock worth $1,827,000 after buying an additional 5,565 shares during the last quarter. Finally, Darwin Wealth Management LLC boosted its stake in shares of Exxon Mobil by 2.8% in the fourth quarter. Darwin Wealth Management LLC now owns 3,775 shares of the oil and gas company’s stock worth $377,000 after buying an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of a number of analyst reports. Sanford C. Bernstein decreased their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 9th. Wolfe Research initiated coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective for the company. Mizuho increased their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Seven equities research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $136.29.

Exxon Mobil Price Performance

Shares of XOM stock opened at $114.05 on Thursday. The firm’s 50-day moving average is $116.02 and its two-hundred day moving average is $114.67. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The company has a market capitalization of $449.70 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 4.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.94 earnings per share. Analysts predict that Exxon Mobil Co. will post 8.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared 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 3.33%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

About Exxon Mobil

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.