ST Germain D J Co. Inc. Has $15.33 Million Position in Exxon Mobil Co. (NYSE:XOM)

ST Germain D J Co. Inc. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200,110 shares of the oil and gas company’s stock after selling 7,514 shares during the quarter. Exxon Mobil comprises 1.7% of ST Germain D J Co. Inc.’s portfolio, making the stock its 19th biggest holding. ST Germain D J Co. Inc.’s holdings in Exxon Mobil were worth $15,334,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Asset Planning Services Ltd. grew its holdings in Exxon Mobil by 1,984.0% in the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 496 shares in the last quarter. Massey Quick Simon & CO. LLC grew its holdings in Exxon Mobil by 625.3% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 469 shares in the last quarter. Evolution Wealth Advisors LLC acquired a new position in Exxon Mobil in the 2nd quarter valued at $45,000. INR Advisory Services LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $43,000. Finally, Interactive Financial Advisors acquired a new position in Exxon Mobil in the 1st quarter valued at $65,000. 54.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:XOM traded down $1.50 during trading on Friday, reaching $70.88. 3,410,286 shares of the company traded hands, compared to its average volume of 10,349,817. The business’s 50 day moving average price is $75.38. The company has a market capitalization of $300.24 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 2.02 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.50. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $87.36.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. Exxon Mobil had a return on equity of 9.17% and a net margin of 6.30%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 3.21 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.91%. Exxon Mobil’s payout ratio is 70.59%.

In related news, VP Robert N. Schleckser sold 9,345 shares of the company’s 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 directly owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Bryan W. Milton sold 6,033 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total value of $460,559.22. Following the sale, the vice president now owns 219,423 shares of the company’s stock, valued at $16,750,751.82. The disclosure for this sale can be found here. Corporate insiders own 0.05% of the company’s stock.

A number of research analysts have commented on the company. Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective on the stock. in a report on Monday, July 22nd. HSBC reaffirmed a “neutral” rating and issued a $86.50 price objective on shares of Exxon Mobil in a report on Thursday, May 23rd. Bank of America reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a report on Monday. Goldman Sachs Group reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Exxon Mobil in a report on Monday, April 29th. Finally, Credit Suisse Group set a $74.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $82.59.

Exxon Mobil Company Profile

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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