Holocene Advisors LP Trims Holdings in Exxon Mobil Corporation $XOM

Holocene Advisors LP lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 29.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,187,612 shares of the oil and gas company’s stock after selling 920,388 shares during the quarter. Holocene Advisors LP owned approximately 0.05% of Exxon Mobil worth $235,825,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Elequin Capital LP acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at about $31,000. Game Plan Financial Advisors LLC grew its stake in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Exxon Mobil in the second quarter valued at about $38,000. Bare Financial Services Inc raised its stake in Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares in the last quarter. Finally, 1248 Management LLC bought a new position in Exxon Mobil during the 1st quarter worth approximately $40,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.6%

Exxon Mobil stock opened at $118.77 on Friday. The firm has a market capitalization of $500.88 billion, a P/E ratio of 17.26, a P/E/G ratio of 1.50 and a beta of 0.38. The company has a 50-day simple moving average of $115.60 and a 200-day simple moving average of $112.16. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $120.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm had revenue of $57.55 billion during the quarter. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a $1.03 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on XOM. TD Cowen boosted their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday. UBS Group reaffirmed a “buy” rating on shares of Exxon Mobil in a report on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Exxon Mobil in a report on Monday. Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Finally, BNP Paribas upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.24.

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.