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Birmingham Capital Management Co. Inc. AL Has $3.34 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

By August 27, 2019 No Comments

Birmingham Capital Management Co. Inc. AL lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,586 shares of the oil and gas company’s stock after selling 1,375 shares during the quarter. Exxon Mobil accounts for about 1.5% of Birmingham Capital Management Co. Inc. AL’s holdings, making the stock its 23rd largest position. Birmingham Capital Management Co. Inc. AL’s holdings in Exxon Mobil were worth $3,340,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ausdal Financial Partners Inc. increased its stake in Exxon Mobil by 6.0% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 9,625 shares of the oil and gas company’s stock valued at $725,000 after buying an additional 545 shares during the period. PARK CIRCLE Co increased its stake in Exxon Mobil by 100.0% in the 2nd quarter. PARK CIRCLE Co now owns 800 shares of the oil and gas company’s stock valued at $63,000 after buying an additional 400 shares during the period. Cypress Capital Management LLC increased its stake in Exxon Mobil by 5.2% in the 2nd quarter. Cypress Capital Management LLC now owns 171,651 shares of the oil and gas company’s stock valued at $13,154,000 after buying an additional 8,510 shares during the period. National Asset Management Inc. increased its stake in Exxon Mobil by 6.4% in the 2nd quarter. National Asset Management Inc. now owns 54,095 shares of the oil and gas company’s stock valued at $4,188,000 after buying an additional 3,276 shares during the period. Finally, Securian Asset Management Inc increased its stake in Exxon Mobil by 0.6% in the 2nd quarter. Securian Asset Management Inc now owns 441,748 shares of the oil and gas company’s stock valued at $33,851,000 after buying an additional 2,844 shares during the period. Institutional investors and hedge funds own 54.48% of the company’s stock.

Shares of XOM opened at $67.49 on Monday. The company’s fifty day moving average is $73.15 and its 200-day moving average is $76.66. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $87.36. The firm has a market cap of $294.36 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 2.03 and a beta of 0.97. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The company had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. During the same quarter in the prior year, the business posted $0.92 EPS. Exxon Mobil’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil Co. will post 3.2 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 5.16%. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.

Several research firms have weighed in on XOM. DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and dropped their price objective for the company from $72.00 to $70.00 in a research note on Tuesday, August 6th. BMO Capital Markets began coverage on shares of Exxon Mobil in a research note on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price objective on the stock. HSBC reiterated a “neutral” rating and issued a $86.50 price objective on shares of Exxon Mobil in a research note on Thursday, May 23rd. Bank of America reiterated a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a research note on Monday, August 5th. Finally, Berenberg Bank reiterated a “hold” rating and issued a $76.00 price objective on shares of Exxon Mobil in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $81.83.

In other news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.

Exxon Mobil 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.

Further Reading: What is the significance of the death cross?

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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