Mitchell Sinkler & Starr PA Reduces Stake in Exxon Mobil Co. (XOM)
Mitchell Sinkler & Starr PA lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 5.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,532 shares of the oil and gas company’s stock after selling 1,557 shares during the period. Exxon Mobil makes up about 2.6% of Mitchell Sinkler & Starr PA’s investment portfolio, making the stock its 6th largest position. Mitchell Sinkler & Starr PA’s holdings in Exxon Mobil were worth $2,360,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Macroview Investment Management LLC acquired a new position in Exxon Mobil in the first quarter worth $102,000. Corbyn Investment Management Inc. MD acquired a new position in Exxon Mobil in the first quarter worth $110,000. KHP Capital LLC acquired a new position in Exxon Mobil in the first quarter worth $111,000. Clearwater Capital Advisors LLC acquired a new position in Exxon Mobil in the first quarter worth $122,000. Finally, Trilogy Capital Inc. acquired a new position in Exxon Mobil in the first quarter worth $149,000. Institutional investors own 52.60% of the company’s stock.
Shares of NYSE XOM opened at $82.92 on Monday. Exxon Mobil Co. has a fifty-two week low of $72.15 and a fifty-two week high of $89.30. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11. The stock has a market cap of $352.26 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.39 and a beta of 0.86.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 13th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Friday, August 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.
A number of research firms have commented on XOM. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $85.00 price objective on shares of Exxon Mobil in a report on Thursday, June 21st. Berenberg Bank began coverage on shares of Exxon Mobil in a report on Tuesday, September 11th. They issued a “hold” rating and a $84.00 price objective for the company. Royal Bank of Canada set a $105.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Monday, July 23rd. Morningstar set a $90.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Wednesday, September 5th. Finally, Wells Fargo & Co reaffirmed a “neutral” rating and issued a $82.00 price objective on shares of Exxon Mobil in a report on Thursday, June 21st. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $87.66.
About Exxon Mobil
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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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