Leisure Capital Management Has $1.49 Million Position in Exxon Mobil Co. (NYSE:XOM)

Leisure Capital Management decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,931 shares of the oil and gas company’s stock after selling 170 shares during the quarter. Leisure Capital Management’s holdings in Exxon Mobil were worth $1,489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil in the 1st quarter valued at about $25,000. First Pacific Financial bought a new position in Exxon Mobil during the 1st quarter worth $34,000. POM Investment Strategies LLC raised its holdings in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares in the last quarter. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $46,000. Finally, Lynx Investment Advisory acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth $47,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 1.1 %

NYSE XOM traded up $1.23 during trading hours on Thursday, hitting $117.75. 2,214,593 shares of the company’s stock were exchanged, compared to its average volume of 16,875,525. The firm has a market cap of $464.29 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a 50-day simple moving average of $115.52 and a 200 day simple moving average of $114.16.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The business’s revenue was up 12.2% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced 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 a $3.80 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s payout ratio is presently 46.57%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on XOM shares. UBS Group boosted their price target on Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Wolfe Research initiated coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. Mizuho lifted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Barclays dropped their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently 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.