Navera Investment Management Ltd. Sells 740 Shares of Exxon Mobil Corporation $XOM

Navera Investment Management Ltd. trimmed its stake in Exxon Mobil Corporation (NYSE:XOM) by 28.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,900 shares of the oil and gas company’s stock after selling 740 shares during the period. Navera Investment Management Ltd.’s holdings in Exxon Mobil were worth $205,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Nelson Capital Management LLC raised its stake in shares of Exxon Mobil by 1.2% in the 2nd quarter. Nelson Capital Management LLC now owns 49,290 shares of the oil and gas company’s stock valued at $5,313,000 after acquiring an additional 590 shares in the last quarter. Northern Financial Advisors Inc raised its stake in shares of Exxon Mobil by 3.9% in the 2nd quarter. Northern Financial Advisors Inc now owns 23,874 shares of the oil and gas company’s stock valued at $2,574,000 after acquiring an additional 906 shares in the last quarter. Traphagen Investment Advisors LLC raised its stake in shares of Exxon Mobil by 5.8% in the 2nd quarter. Traphagen Investment Advisors LLC now owns 14,444 shares of the oil and gas company’s stock valued at $1,557,000 after acquiring an additional 798 shares in the last quarter. Winthrop Advisory Group LLC raised its stake in shares of Exxon Mobil by 25.0% in the 2nd quarter. Winthrop Advisory Group LLC now owns 5,621 shares of the oil and gas company’s stock valued at $606,000 after acquiring an additional 1,123 shares in the last quarter. Finally, Citizens National Bank Trust Department raised its stake in shares of Exxon Mobil by 0.3% in the 2nd quarter. Citizens National Bank Trust Department now owns 85,403 shares of the oil and gas company’s stock valued at $9,206,000 after acquiring an additional 276 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $110.93 on Friday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $124.26. The firm has a market capitalization of $472.94 billion, a PE ratio of 15.76, a PEG ratio of 2.04 and a beta of 0.51. The business’s 50 day moving average is $111.32 and its 200-day moving average is $109.48. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion for the quarter. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil’s payout ratio is currently 56.25%.

Wall Street Analyst Weigh In

XOM has been the topic of several recent analyst reports. Barclays dropped their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Thursday. Morgan Stanley lifted their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. TD Cowen lifted their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Finally, Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.95.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

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.