Harold Davidson & Associates Inc. Has $1.60 Million Position in Exxon Mobil Corporation $XOM

Harold Davidson & Associates Inc. lowered its holdings in Exxon Mobil Corporation (NYSE:XOM) by 1.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 13,414 shares of the oil and gas company’s stock after selling 213 shares during the quarter. Exxon Mobil accounts for about 0.9% of Harold Davidson & Associates Inc.’s holdings, making the stock its 29th biggest position. Harold Davidson & Associates Inc.’s holdings in Exxon Mobil were worth $1,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of XOM. 10Elms LLP acquired a new stake in Exxon Mobil in the 4th quarter valued at $25,000. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the 1st quarter worth $29,000. Elequin Capital LP purchased a new position in Exxon Mobil during the 1st quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the 4th quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 238 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Exxon Mobil from a “hold” rating to a “sell” rating in a report on Friday, September 5th. TD Cowen lifted their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. UBS Group lifted their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $124.81.

Exxon Mobil Trading Down 0.2%

Shares of Exxon Mobil stock opened at $112.26 on Friday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The stock’s 50-day simple moving average is $110.55 and its 200 day simple moving average is $109.14. The stock has a market capitalization of $478.59 billion, a P/E ratio of 15.95, a P/E/G ratio of 2.06 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. During the same period in the previous year, the business posted $2.14 EPS. The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. As a group, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s payout ratio is currently 56.25%.

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.