McClarren Financial Advisors Inc. Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

McClarren Financial Advisors Inc. trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 71.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 460 shares of the oil and gas company’s stock after selling 1,138 shares during the quarter. McClarren Financial Advisors Inc.’s holdings in Exxon Mobil were worth $53,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil during the 1st quarter worth $25,000. First Pacific Financial purchased a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $34,000. POM Investment Strategies LLC boosted its stake in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares in the last quarter. Partnership Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter worth approximately $46,000. Finally, Lynx Investment Advisory purchased a new stake in Exxon Mobil during the second quarter worth $47,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $1.16 on Wednesday, reaching $116.52. The company’s stock had a trading volume of 10,711,255 shares, compared to its average volume of 16,963,654. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $459.44 billion, a P/E ratio of 14.28, a PEG ratio of 4.51 and a beta of 0.91. The stock has a 50-day moving average price of $115.35 and a 200-day moving average price of $114.05. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.26%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Analyst Ratings Changes

Several research analysts have recently commented on XOM shares. Wolfe Research initiated coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. Morgan Stanley reissued an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. TD Cowen lifted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Barclays decreased their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.56.

About Exxon Mobil

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.