JB Capital LLC Sells 498 Shares of Exxon Mobil Co. (NYSE:XOM)

JB Capital LLC trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,564 shares of the oil and gas company’s stock after selling 498 shares during the quarter. JB Capital LLC’s holdings in Exxon Mobil were worth $2,943,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. Intact Investment Management Inc. raised its stake in shares of Exxon Mobil by 225.7% in the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after buying an additional 47,400 shares during the period. AJOVista LLC bought a new position in Exxon Mobil during the fourth quarter worth about $312,000. Kinsale Capital Group Inc. increased its stake in shares of Exxon Mobil by 33.0% in the fourth quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock worth $3,896,000 after purchasing an additional 9,657 shares in the last quarter. Buckingham Capital Management Inc. raised its position in shares of Exxon Mobil by 24.4% in the fourth quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock valued at $1,039,000 after purchasing an additional 2,040 shares during the period. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $1,839,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

XOM traded up $1.59 during midday trading on Friday, hitting $116.32. The stock had a trading volume of 10,349,832 shares, compared to its average volume of 17,064,793. The company has a market cap of $458.65 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The business has a fifty day moving average of $115.00 and a 200 day moving average of $113.68. 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 (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 the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the previous year, the firm posted $1.94 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business 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 dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.27%. Exxon Mobil’s payout ratio is 46.57%.

Analysts Set New Price Targets

A number of brokerages have issued reports on XOM. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Wolfe Research assumed coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective on the stock. UBS Group lifted their target price on Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.56.

Exxon Mobil Company 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.