Isthmus Partners LLC Sells 4,911 Shares of Exxon Mobil Co. (NYSE:XOM)

Isthmus Partners LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,928 shares of the oil and gas company’s stock after selling 4,911 shares during the quarter. Isthmus Partners LLC’s holdings in Exxon Mobil were worth $5,610,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Bull Street Advisors LLC boosted its stake in Exxon Mobil by 0.5% in the second quarter. Bull Street Advisors LLC now owns 31,856 shares of the oil and gas company’s stock valued at $2,009,000 after acquiring an additional 170 shares during the last quarter. Altfest L J & Co. Inc. boosted its stake in Exxon Mobil by 0.4% in the first quarter. Altfest L J & Co. Inc. now owns 38,452 shares of the oil and gas company’s stock valued at $2,147,000 after acquiring an additional 172 shares during the last quarter. Salem Capital Management Inc. boosted its stake in Exxon Mobil by 4.6% in the second quarter. Salem Capital Management Inc. now owns 3,926 shares of the oil and gas company’s stock valued at $248,000 after acquiring an additional 174 shares during the last quarter. Strategic Financial Services Inc boosted its stake in Exxon Mobil by 0.7% in the first quarter. Strategic Financial Services Inc now owns 26,830 shares of the oil and gas company’s stock valued at $1,498,000 after acquiring an additional 175 shares during the last quarter. Finally, Capital Wealth Planning LLC boosted its stake in Exxon Mobil by 0.8% in the second quarter. Capital Wealth Planning LLC now owns 21,165 shares of the oil and gas company’s stock valued at $1,335,000 after acquiring an additional 175 shares during the last quarter. 51.73% of the stock is currently owned by hedge funds and other institutional investors.

XOM has been the topic of a number of recent analyst reports. Credit Suisse Group reduced their price target on shares of Exxon Mobil from $73.00 to $69.00 and set a “neutral” rating on the stock in a research report on Monday, August 2nd. JPMorgan Chase & Co. set a $76.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Tuesday, June 29th. HSBC reduced their price target on shares of Exxon Mobil from $65.00 to $57.00 and set a “hold” rating on the stock in a research report on Thursday, July 22nd. Tudor Pickering reissued a “buy” rating and set a C$48.00 price target on shares of Exxon Mobil in a research report on Friday, June 4th. Finally, Barclays lifted their price target on shares of Exxon Mobil from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, June 3rd. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Hold” and a consensus price target of $60.35.

Shares of XOM traded up $1.61 during midday trading on Wednesday, reaching $56.19. The stock had a trading volume of 586,985 shares, compared to its average volume of 25,258,729. The firm has a 50 day simple moving average of $56.64 and a 200-day simple moving average of $58.44. Exxon Mobil Co. has a one year low of $31.11 and a one year high of $64.93. The firm has a market cap of $237.88 billion, a PE ratio of -17.55, a P/E/G ratio of 0.69 and a beta of 1.44. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Thursday, July 29th. The oil and gas company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.08. Exxon Mobil had a negative net margin of 6.07% and a positive return on equity of 3.98%. The company had revenue of $67.74 billion during the quarter, compared to the consensus estimate of $63.96 billion. During the same quarter last year, the firm posted ($0.70) EPS. The company’s quarterly revenue was up 107.8% on a year-over-year basis. As a group, research analysts forecast that Exxon Mobil Co. will post 4.55 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 13th were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 6.19%. The ex-dividend date of this dividend was Thursday, August 12th. Exxon Mobil’s payout ratio is -1,054.55%.

About Exxon Mobil

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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