Exxon Mobil Co. (NYSE:XOM) Stake Lowered by River & Mercantile Asset Management LLP

River & Mercantile Asset Management LLP cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 80.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,225 shares of the oil and gas company’s stock after selling 153,370 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Exxon Mobil were worth $2,929,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Rehmann Capital Advisory Group grew its holdings in Exxon Mobil by 4.2% in the 2nd quarter. Rehmann Capital Advisory Group now owns 40,166 shares of the oil and gas company’s stock worth $3,078,000 after buying an additional 1,620 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in Exxon Mobil by 4.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 239,099 shares of the oil and gas company’s stock worth $18,322,000 after buying an additional 10,203 shares in the last quarter. Atria Investments LLC grew its holdings in Exxon Mobil by 68.0% in the 2nd quarter. Atria Investments LLC now owns 53,110 shares of the oil and gas company’s stock worth $3,646,000 after buying an additional 21,504 shares in the last quarter. Keudell Morrison Wealth Management grew its holdings in Exxon Mobil by 2.4% in the 2nd quarter. Keudell Morrison Wealth Management now owns 42,976 shares of the oil and gas company’s stock worth $3,030,000 after buying an additional 1,014 shares in the last quarter. Finally, Breiter Capital Management Inc. grew its holdings in Exxon Mobil by 61.5% in the 2nd quarter. Breiter Capital Management Inc. now owns 13,844 shares of the oil and gas company’s stock worth $1,061,000 after buying an additional 5,270 shares in the last quarter. 54.42% of the stock is owned by institutional investors.

In other news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction 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 sale, the vice president now owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

XOM has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price objective on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective for the company. in a report on Monday, July 22nd. Barclays initiated coverage on Exxon Mobil in a report on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price objective for the company. JPMorgan Chase & Co. set a $83.00 price objective on Exxon Mobil and gave the stock a “hold” rating in a report on Sunday, August 4th. Finally, Berenberg Bank restated a “hold” rating and issued a $76.00 target price on shares of Exxon Mobil in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $81.13.

XOM traded down $1.68 during trading on Tuesday, reaching $68.93. The stock had a trading volume of 7,766,590 shares, compared to its average volume of 10,381,458. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $86.89. The stock has a 50 day moving average of $70.19 and a two-hundred day moving average of $75.34. The firm has a market capitalization of $302.44 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 2.08 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post 3.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.87 per share. The ex-dividend date was Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.05%. 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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