Denver PWM LLC Sells 657 Shares of Exxon Mobil Co. (NYSE:XOM)

Denver PWM LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 30.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,483 shares of the oil and gas company’s stock after selling 657 shares during the quarter. Denver PWM LLC’s holdings in Exxon Mobil were worth $171,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil during the first quarter worth about $25,000. First Pacific Financial bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $34,000. Anfield Capital Management LLC grew its position in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the period. POM Investment Strategies LLC increased its stake in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the last quarter. Finally, Lynx Investment Advisory purchased a new position in Exxon Mobil in the second quarter valued at approximately $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $112.64 on Monday. The firm has a market capitalization of $444.14 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 4.70 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock has a fifty day moving average of $115.94 and a 200 day moving average of $114.88. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.94 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 8.37 EPS 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. Stockholders of record on Thursday, August 15th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. UBS Group raised their target price on Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Sanford C. Bernstein dropped their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Wolfe Research started coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. Finally, Morgan Stanley restated an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.29.

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.