MRP Capital Investments LLC Sells 98 Shares of Exxon Mobil Co. (NYSE:XOM)

MRP Capital Investments LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,444 shares of the oil and gas company’s stock after selling 98 shares during the quarter. MRP Capital Investments LLC’s holdings in Exxon Mobil were worth $857,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil in the first quarter worth about $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the second quarter worth about $35,000. Anfield Capital Management LLC increased its holdings in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares during the last quarter. POM Investment Strategies LLC increased its holdings in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the last quarter. Finally, Lynx Investment Advisory bought a new stake in shares of Exxon Mobil in the second quarter worth about $47,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 1.3 %

Exxon Mobil stock opened at $116.02 on Friday. The business has a fifty day moving average of $115.84 and a two-hundred day moving average of $115.25. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm has a market cap of $457.47 billion, a P/E ratio of 14.22, a P/E/G ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its earnings results 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. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 earnings per share. On average, analysts forecast that Exxon Mobil Co. will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XOM. Sanford C. Bernstein dropped their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Barclays dropped their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Truist Financial dropped their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Wells Fargo & Company dropped their target price on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Morgan Stanley dropped their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $135.76.

Exxon Mobil Company Profile

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.