Patriot Investment Management Group Inc. Sells 1,183 Shares of Exxon Mobil Co. (NYSE:XOM)

Patriot Investment Management Group Inc. lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,234 shares of the oil and gas company’s stock after selling 1,183 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in Exxon Mobil were worth $1,639,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XOM. Norges Bank bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $5,519,753,000. Global Assets Advisory LLC boosted its position in shares of Exxon Mobil by 16,399.4% in the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after acquiring an additional 12,540,435 shares during the period. Fisher Asset Management LLC boosted its position in shares of Exxon Mobil by 566.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock valued at $1,319,507,000 after acquiring an additional 11,216,602 shares during the period. Capital International Investors boosted its position in shares of Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after acquiring an additional 5,523,429 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Exxon Mobil by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after purchasing an additional 2,676,652 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on XOM shares. Piper Sandler upped their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 9th. Mizuho upped their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Barclays cut their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.39.

Exxon Mobil Trading Up 0.1 %

Shares of Exxon Mobil stock traded up $0.15 on Monday, hitting $119.00. The stock had a trading volume of 13,227,310 shares, compared to its average volume of 17,372,605. The stock has a 50 day moving average of $114.17 and a 200 day moving average of $112.93. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm has a market capitalization of $469.22 billion, a P/E ratio of 14.54, a PEG ratio of 4.51 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 earnings per share (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 during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the prior year, the firm posted $1.94 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders 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 3.19%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend 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.