Marble Harbor Investment Counsel LLC Sells 678 Shares of Exxon Mobil Co. (NYSE:XOM)

Marble Harbor Investment Counsel LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 145,846 shares of the oil and gas company’s stock after selling 678 shares during the period. Exxon Mobil makes up about 2.0% of Marble Harbor Investment Counsel LLC’s investment portfolio, making the stock its 13th largest position. Marble Harbor Investment Counsel LLC’s holdings in Exxon Mobil were worth $16,790,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil in the first quarter worth $25,000. Anfield Capital Management LLC boosted its stake in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the period. POM Investment Strategies LLC boosted its stake in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares during the period. Lynx Investment Advisory purchased a new position in Exxon Mobil during the second quarter worth $47,000. Finally, Vima LLC purchased a new position in Exxon Mobil during the fourth quarter worth $50,000. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wolfe Research assumed coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective for the company. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Truist Financial lowered their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $136.24.

Exxon Mobil Stock Up 1.4 %

Shares of Exxon Mobil stock opened at $112.75 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm’s 50-day moving average is $115.67 and its two-hundred day moving average is $115.19. The stock has a market cap of $444.57 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the prior year, the business earned $1.94 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Co. will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

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.