Signature Resources Capital Management LLC Sells 86 Shares of Exxon Mobil Co. (NYSE:XOM)

Signature Resources Capital Management LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,490 shares of the oil and gas company’s stock after selling 86 shares during the period. Exxon Mobil accounts for 0.4% of Signature Resources Capital Management LLC’s holdings, making the stock its 26th largest position. Signature Resources Capital Management LLC’s holdings in Exxon Mobil were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in XOM. Dupree Financial Group LLC bought a new stake in Exxon Mobil in the 4th quarter valued at about $378,000. Intact Investment Management Inc. grew its position in Exxon Mobil by 225.7% during the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock worth $6,839,000 after buying an additional 47,400 shares in the last quarter. AJOVista LLC bought a new position in Exxon Mobil during the 4th quarter worth $312,000. Kinsale Capital Group Inc. raised its holdings in Exxon Mobil by 33.0% in the 4th quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock valued at $3,896,000 after acquiring an additional 9,657 shares in the last quarter. Finally, Buckingham Capital Management Inc. lifted its position in shares of Exxon Mobil by 24.4% during the 4th quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock valued at $1,039,000 after acquiring an additional 2,040 shares during the period. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Mizuho boosted their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Barclays cut their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. UBS Group lifted their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, Evercore ISI upgraded 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $134.39.

Exxon Mobil Trading Down 0.5 %

Shares of XOM stock opened at $118.17 on Monday. The stock has a 50-day moving average of $114.69 and a 200-day moving average of $113.47. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a market cap of $465.95 billion, a price-to-earnings ratio of 14.48, a PEG 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.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the prior year, the firm posted $1.94 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.22%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.