Folger Nolan Fleming Douglas Capital Management Inc. Reduces Stock Position in Exxon Mobil Corporation $XOM

Folger Nolan Fleming Douglas Capital Management Inc. cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,334 shares of the oil and gas company’s stock after selling 2,607 shares during the period. Exxon Mobil makes up approximately 1.0% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 29th largest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Exxon Mobil were worth $8,768,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in XOM. GAMMA Investing LLC increased its holdings in Exxon Mobil by 20.6% in the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock valued at $9,458,000 after buying an additional 13,582 shares in the last quarter. Eagle Capital Management LLC increased its holdings in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares in the last quarter. Ironwood Wealth Management LLC. purchased a new position in Exxon Mobil in the first quarter valued at about $200,000. Brucke Financial Inc. increased its holdings in Exxon Mobil by 2.1% in the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after buying an additional 142 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in Exxon Mobil by 9.9% in the first quarter. Sound Income Strategies LLC now owns 20,081 shares of the oil and gas company’s stock valued at $2,388,000 after buying an additional 1,817 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Up 1.2%

Shares of NYSE XOM opened at $112.11 on Tuesday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $124.26. The firm’s 50 day moving average price is $111.42 and its 200 day moving average price is $109.32. The firm has a market cap of $477.97 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51. 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 earnings results 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 firm had revenue of $57.55 billion for the quarter. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Analyst Upgrades and Downgrades

XOM has been the topic of several research reports. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Thursday. TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $126.05.

About Exxon Mobil

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.