Armor Investment Advisors LLC Lowers Holdings in Exxon Mobil Corporation $XOM

Armor Investment Advisors LLC trimmed its position in Exxon Mobil Corporation (NYSE:XOM) by 10.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,689 shares of the oil and gas company’s stock after selling 776 shares during the period. Armor Investment Advisors LLC’s holdings in Exxon Mobil were worth $721,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Eagle Capital Management LLC lifted its holdings in shares of Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares during the last quarter. Brucke Financial Inc. lifted its position in Exxon Mobil by 2.1% in the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after buying an additional 142 shares during the last quarter. United Bank boosted its stake in Exxon Mobil by 6.7% in the first quarter. United Bank now owns 21,221 shares of the oil and gas company’s stock worth $2,524,000 after buying an additional 1,333 shares in the last quarter. Shoker Investment Counsel Inc. boosted its stake in shares of Exxon Mobil by 1.0% in the 1st quarter. Shoker Investment Counsel Inc. now owns 37,207 shares of the oil and gas company’s stock valued at $4,425,000 after purchasing an additional 380 shares in the last quarter. Finally, Brio Consultants LLC grew its holdings in shares of Exxon Mobil by 170.8% during the 1st quarter. Brio Consultants LLC now owns 5,678 shares of the oil and gas company’s stock valued at $675,000 after purchasing an additional 3,581 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $116.02 on Tuesday. The business has a 50 day moving average of $114.76 and a 200 day moving average of $111.20. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $121.88. The company has a market cap of $489.28 billion, a PE ratio of 16.48, a P/E/G ratio of 2.06 and a beta of 0.49. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion for the quarter. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil’s payout ratio is currently 59.88%.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Barclays cut their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Melius started coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. UBS Group lifted their price target on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Exxon Mobil in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.67.

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.