Exxon Mobil Co. (NYSE:XOM) Holdings trimmed by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 65.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,750 shares of the oil and gas company’s stock after selling 10,802 shares during the period. ICA Group Wealth Management LLC’s holdings in Exxon Mobil were worth $662,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. Retirement Planning Co of New England Inc. boosted its stake in Exxon Mobil by 4.5% in the second quarter. Retirement Planning Co of New England Inc. now owns 29,978 shares of the oil and gas company’s stock worth $3,451,000 after acquiring an additional 1,284 shares during the last quarter. Pinion Investment Advisors LLC boosted its position in Exxon Mobil by 10.4% in the second quarter. Pinion Investment Advisors LLC now owns 4,236 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 400 shares during the last quarter. Hanson & Doremus Investment Management boosted its position in Exxon Mobil by 1.9% in the second quarter. Hanson & Doremus Investment Management now owns 21,814 shares of the oil and gas company’s stock worth $2,511,000 after buying an additional 410 shares during the last quarter. Clear Investment Research LLC boosted its holdings in shares of Exxon Mobil by 34.8% during the second quarter. Clear Investment Research LLC now owns 1,403 shares of the oil and gas company’s stock valued at $162,000 after purchasing an additional 362 shares during the last quarter. Finally, Wilkins Investment Counsel Inc. raised its stake in shares of Exxon Mobil by 7.5% in the second quarter. Wilkins Investment Counsel Inc. now owns 65,259 shares of the oil and gas company’s stock valued at $7,513,000 after buying an additional 4,565 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s shares.

Analysts on Wall Street are forecasting an increase

XOM has been the subject of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Barclays lowered their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Mizuho upped their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday. Sanford C. Bernstein cut their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Finally, Morgan Stanley decreased their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $136.24.

Get the latest report on XOM

Exxon Mobil stock performance

NYSE:XOM opened at $112.75 on Tuesday. The company’s 50-day moving average is $115.67 and its 200-day moving average is $115.19. The company has a market cap of $444.57 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 4.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01, and a current ratio of 1.36. Exxon Mobil Co. it has a 52-week low of $95.77 and a 52-week high of $123.75.

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 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. In the same quarter last year, the firm posted EPS of $1.94. The company’s revenue for the quarter was up 12.2% year over year. Equities research analysts anticipate that Exxon Mobil Co. will post 8.36 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15. This represents a dividend of $3.80 on an annualized basis and a yield of 3.37%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

About Exxon Mobil

(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.

See Also

Want to see what other hedge funds hold XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Exxon Mobil Co. (NYSE:XOM – Free Report).

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