Arkansas Financial Group Inc. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 10.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,683 shares of the oil and gas company’s stock after selling 309 shares during the quarter. Arkansas Financial Group Inc.’s holdings in Exxon Mobil were worth $288,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of XOM. Stone House Investment Management LLC acquired a new position in Exxon Mobil during the first quarter valued at approximately $25,000. KB Financial Partners LLC bought a new position in shares of Exxon Mobil in the 1st quarter valued at $27,000. Dark Forest Capital Management LP acquired a new position in shares of Exxon Mobil during the 4th quarter worth $27,000. Artemis Wealth Advisors LLC bought a new stake in shares of Exxon Mobil during the 1st quarter worth $36,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in Exxon Mobil in the first quarter valued at about $38,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Trading Up 0.8 %
Shares of Exxon Mobil stock opened at $117.69 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $108.65 and a 200 day simple moving average of $108.49. Exxon Mobil Co. has a 12-month low of $83.89 and a 12-month high of $119.92. The company has a market capitalization of $471.14 billion, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were paid a $0.91 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.09%. Exxon Mobil’s payout ratio is presently 29.12%.
In other news, Director Jeffrey W. Ubben acquired 458,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the purchase, the director now owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the transaction, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey W. Ubben bought 458,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were bought at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the transaction, the director now owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.
Analyst Ratings Changes
Several brokerages have commented on XOM. Morgan Stanley boosted their target price on Exxon Mobil from $121.00 to $124.00 and gave the stock an “overweight” rating in a research note on Friday, August 18th. UBS Group boosted their price target on Exxon Mobil from $135.00 to $139.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Wolfe Research downgraded Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Mizuho increased their target price on shares of Exxon Mobil from $131.00 to $139.00 and gave the company a “buy” rating in a research report on Monday. Finally, Redburn Partners raised Exxon Mobil from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $100.00 to $105.00 in a research report on Thursday, August 31st. Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $123.78.
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.
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