Mission Creek Capital Partners Inc. Sells 7,382 Shares of Exxon Mobil Corporation $XOM

Mission Creek Capital Partners Inc. reduced its stake in Exxon Mobil Corporation (NYSE:XOM) by 25.1% during the second quarter, Holdings Channel.com reports. The firm owned 22,086 shares of the oil and gas company’s stock after selling 7,382 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Exxon Mobil were worth $2,381,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in XOM. Norges Bank bought a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $6,163,719,000. Kingstone Capital Partners Texas LLC purchased a new stake in Exxon Mobil in the second quarter worth $607,621,000. First Trust Advisors LP lifted its position in Exxon Mobil by 150.2% during the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after buying an additional 4,563,707 shares during the period. Cerity Partners LLC boosted its holdings in shares of Exxon Mobil by 200.7% during the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after buying an additional 4,015,099 shares in the last quarter. Finally, Laurel Wealth Advisors LLC grew its position in shares of Exxon Mobil by 10,809.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after buying an additional 3,066,736 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM stock opened at $118.77 on Friday. The stock’s 50 day simple moving average is $115.60 and its 200 day simple moving average is $112.16. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $120.81. The stock has a market capitalization of $500.88 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.50 and a beta of 0.38.

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

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a $1.03 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s payout ratio is presently 59.88%.

Analysts Set New Price Targets

XOM has been the subject of a number of recent research reports. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Morgan Stanley upped their price target on Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Exxon Mobil in a report on Monday. Finally, BNP Paribas upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.24.

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.