Armstrong Henry H Associates Inc. Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Armstrong Henry H Associates Inc. cut its position in Exxon Mobil Co. (NYSE:XOM) by 7.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,194 shares of the oil and gas company’s stock after selling 916 shares during the quarter. Armstrong Henry H Associates Inc.’s holdings in Exxon Mobil were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Parsons Capital Management Inc. RI boosted its stake in Exxon Mobil by 5.9% during the 4th quarter. Parsons Capital Management Inc. RI now owns 244,967 shares of the oil and gas company’s stock valued at $24,492,000 after acquiring an additional 13,702 shares during the last quarter. Zimmermann Investment Management & Planning LLC boosted its stake in Exxon Mobil by 4.6% during the 4th quarter. Zimmermann Investment Management & Planning LLC now owns 3,833 shares of the oil and gas company’s stock valued at $383,000 after acquiring an additional 170 shares during the last quarter. Ascent Wealth Partners LLC boosted its stake in Exxon Mobil by 1.2% during the 4th quarter. Ascent Wealth Partners LLC now owns 8,810 shares of the oil and gas company’s stock valued at $881,000 after acquiring an additional 105 shares during the last quarter. Sigma Investment Counselors Inc. boosted its stake in Exxon Mobil by 2.2% during the 4th quarter. Sigma Investment Counselors Inc. now owns 28,615 shares of the oil and gas company’s stock valued at $2,861,000 after acquiring an additional 617 shares during the last quarter. Finally, Berkshire Bank boosted its stake in Exxon Mobil by 5.4% during the 4th quarter. Berkshire Bank now owns 55,763 shares of the oil and gas company’s stock valued at $5,575,000 after acquiring an additional 2,862 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. TD Cowen increased their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. HSBC increased their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. UBS Group increased their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Finally, Sanford C. Bernstein dropped their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.78.

Exxon Mobil Price Performance

Shares of XOM stock traded down $0.07 during midday trading on Friday, reaching $116.88. 20,403,773 shares of the company were exchanged, compared to its average volume of 12,998,848. The company’s 50 day moving average price is $114.02 and its two-hundred day moving average price is $112.27. The company has a market cap of $460.86 billion, a P/E ratio of 14.32, a PEG ratio of 4.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $1.94 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s payout ratio is presently 46.57%.

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.