Exxon Mobil Co. (NYSE:XOM) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,231 shares of the oil and gas company’s stock after selling 1,193 shares during the period. Geneos Wealth Management Inc.’s holdings in Exxon Mobil were worth $8,200,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $5,519,753,000. Global Assets Advisory LLC increased its stake in Exxon Mobil by 16,399.4% in the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after purchasing an additional 12,540,435 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Exxon Mobil by 566.2% during the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after purchasing an additional 11,216,602 shares in the last quarter. Capital International Investors lifted its position in shares of Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after buying an additional 5,523,429 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Exxon Mobil by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock valued at $5,249,607,000 after buying an additional 2,676,652 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock traded up $0.68 during mid-day trading on Friday, reaching $115.41. The stock had a trading volume of 849,103 shares, compared to its average volume of 17,006,506. The company has a market cap of $455.06 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The business has a 50-day simple moving average of $115.00 and a 200 day simple moving average of $113.68.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same period last year, the firm posted $1.94 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on XOM shares. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Barclays reduced their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. TD Cowen raised their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Mizuho increased their price objective on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $134.56.

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.