Exxon Mobil Co. (NYSE:XOM) is Semmax Financial Advisors Inc.’s 7th Largest Position

Semmax Financial Advisors Inc. cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,522 shares of the oil and gas company’s stock after selling 290 shares during the quarter. Exxon Mobil accounts for 2.1% of Semmax Financial Advisors Inc.’s investment portfolio, making the stock its 7th largest position. Semmax Financial Advisors Inc.’s holdings in Exxon Mobil were worth $7,133,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Gilbert & Cook Inc. lifted its position in shares of Exxon Mobil by 2.2% in the fourth quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock valued at $2,547,000 after acquiring an additional 545 shares in the last quarter. Aveo Capital Partners LLC grew its stake in Exxon Mobil by 5.0% during the 4th quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock valued at $2,053,000 after acquiring an additional 984 shares in the last quarter. Gryphon Financial Partners LLC boosted its holdings in shares of Exxon Mobil by 42.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock worth $1,827,000 after purchasing an additional 5,565 shares during the last quarter. Mitchell Sinkler & Starr PA grew its position in shares of Exxon Mobil by 41.6% in the fourth quarter. Mitchell Sinkler & Starr PA now owns 108,896 shares of the oil and gas company’s stock valued at $10,887,000 after purchasing an additional 31,973 shares in the last quarter. Finally, Bell & Brown Wealth Advisors LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $7,275,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Wolfe Research began coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Finally, Sanford C. Bernstein decreased their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.76.

Exxon Mobil Stock Up 1.8 %

XOM opened at $117.37 on Tuesday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm has a 50 day moving average price of $115.92 and a 200 day moving average price of $115.53. 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 company has a market cap of $462.79 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90.

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

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.24%. Exxon Mobil’s dividend payout ratio (DPR) is 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.