Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. Reduces Stock Position in Exxon Mobil Corporation $XOM

Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 12.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,476 shares of the oil and gas company’s stock after selling 6,231 shares during the quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.’s holdings in Exxon Mobil were worth $4,579,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Exxon Mobil by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after acquiring an additional 1,111,231 shares during the last quarter. Geode Capital Management LLC raised its stake in Exxon Mobil by 0.4% in the second quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after purchasing an additional 342,967 shares in the last quarter. Norges Bank purchased a new stake in Exxon Mobil in the second quarter valued at approximately $6,163,719,000. Bank of New York Mellon Corp grew its stake in Exxon Mobil by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock worth $5,023,298,000 after buying an additional 1,274,860 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Exxon Mobil by 3.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock worth $3,611,553,000 after buying an additional 1,126,912 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on XOM. Mizuho upped their target price on shares of Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. BNP Paribas raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Exxon Mobil in a research note on Monday. Finally, Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.24.

Exxon Mobil Trading Down 0.6%

Shares of XOM opened at $118.77 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $500.88 billion, a P/E ratio of 17.26, a PEG ratio of 1.50 and a beta of 0.38. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $120.81. The firm has a fifty day simple moving average of $115.60 and a two-hundred day simple moving average of $112.16.

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

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

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.