Marino Stram & Associates LLC decreased its position in Exxon Mobil Co. (NYSE:XOM)

Marino Stram & Associates LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,043 shares of the oil and gas company’s stock after selling 174 shares during the period. Marino Stram & Associates LLC’s holdings in Exxon Mobil were worth $2,307,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil in the first quarter valued at approximately $25,000. First Pacific Financial purchased a new position in shares of Exxon Mobil in the first quarter worth approximately $34,000. Partnership Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $46,000. Lynx Investment Advisory purchased a new stake in shares of Exxon Mobil in the second quarter valued at approximately $47,000. Finally, Vima LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $50,000. Institutional investors and hedge funds own 61.80% of the company’s shares.

Analysts on Wall Street are forecasting an increase

A number of analysts have issued reports on the company. Wells Fargo & Company cut their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. HSBC upped their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Sanford C. Bernstein decreased their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Barclays cut their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.39, according to MarketBeat.com.

Read our latest analysis of XOM

Exxon Mobil stock falls 0.5%

Shares of Exxon Mobil stock opened at $118.17 on Friday. The firm has a market cap of $465.95 billion, a P/E ratio of 14.48, a P/E/G 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 stock’s fifty-day simple moving average is $114.69, and its 200-day simple moving average is $113.39.

Exxon Mobil (NYSE:XOM – Get Your Free Report ) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. In the same quarter last year, the company earned $1.94 EPS. Exxon Mobil’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts expect Exxon Mobil Co. to post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents an annualized dividend of $3.80 and a yield of 3.22%. The ex-dividend date is Thursday, August 15. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation is engaged in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through the Upstream, Energy Products, Chemicals and Specialty Products segments. The Upstream segment explores and produces crude oil and natural gas.

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