Exxon Mobil Co. (NYSE:XOM) Shares Sold by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 11.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,682 shares of the oil and gas company’s stock after selling 749 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Exxon Mobil were worth $435,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Canandaigua National Bank & Trust Co. raised its stake in Exxon Mobil by 1.3% during the second quarter. Canandaigua National Bank & Trust Co. now owns 262,510 shares of the oil and gas company’s stock valued at $20,116,000 after buying an additional 3,357 shares in the last quarter. Krueger & Catalano Capital Partners LLC raised its stake in Exxon Mobil by 61.2% during the second quarter. Krueger & Catalano Capital Partners LLC now owns 11,920 shares of the oil and gas company’s stock valued at $913,000 after buying an additional 4,525 shares in the last quarter. Chesley Taft & Associates LLC raised its stake in Exxon Mobil by 0.8% during the second quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock valued at $13,548,000 after buying an additional 1,440 shares in the last quarter. Mount Vernon Associates Inc. MD raised its stake in Exxon Mobil by 83.4% during the second quarter. Mount Vernon Associates Inc. MD now owns 13,423 shares of the oil and gas company’s stock valued at $1,029,000 after buying an additional 6,103 shares in the last quarter. Finally, Alpha Cubed Investments LLC raised its stake in Exxon Mobil by 2.0% during the second quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock valued at $19,158,000 after buying an additional 4,922 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.

In other news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the transaction, the vice president now directly owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

Several analysts have issued reports on XOM shares. Berenberg Bank restated a “hold” rating and set a $76.00 price objective on shares of Exxon Mobil in a research note on Wednesday, August 7th. Bank of America restated a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research note on Monday, August 5th. Barclays started coverage on Exxon Mobil in a research note on Monday. They set an “equal weight” rating and a $73.00 price objective on the stock. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and cut their price objective for the company from $72.00 to $70.00 in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. set a $83.00 price objective on Exxon Mobil and gave the company a “hold” rating in a research note on Sunday, August 4th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $82.35.

NYSE:XOM opened at $69.72 on Thursday. The firm has a market capitalization of $293.85 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. The stock has a 50 day moving average of $73.45 and a 200-day moving average of $76.73. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $87.36. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The company had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The business’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 earnings per share. As a group, analysts predict that Exxon Mobil Co. will post 3.24 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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