Paragon Capital Management Ltd Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Paragon Capital Management Ltd decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,874 shares of the oil and gas company’s stock after selling 104 shares during the period. Paragon Capital Management Ltd’s holdings in Exxon Mobil were worth $416,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stone House Investment Management LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $25,000. Dark Forest Capital Management LP purchased a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $27,000. KB Financial Partners LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $27,000. Artemis Wealth Advisors LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $36,000. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $117.69 on Tuesday. Exxon Mobil Co. has a one year low of $83.89 and a one year high of $119.92. The stock’s fifty day moving average is $108.65 and its 200 day moving average is $108.49. The stock has a market cap of $471.14 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The business had revenue of $82.91 billion during the quarter, compared to analysts’ expectations of $81.80 billion. During the same quarter in the previous year, the company posted $4.14 EPS. The company’s quarterly revenue was down 28.3% on a year-over-year basis. Sell-side analysts anticipate that Exxon Mobil Co. will post 8.94 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared 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 of this dividend was Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.09%. Exxon Mobil’s payout ratio is presently 29.12%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the sale, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the transaction, the vice president now owns 27,772 shares in the company, valued at $3,193,780. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey W. Ubben acquired 458,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average price of $106.93 per share, with a total value 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. 0.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. StockNews.com assumed coverage on Exxon Mobil in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. UBS Group upped their price target on Exxon Mobil from $135.00 to $139.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Piper Sandler lowered their price objective on Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. HSBC upped their price objective on Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research report on Wednesday, July 19th. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.78.

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.