EFG Asset Management Americas Corp. Sells 2,234 Shares of Exxon Mobil Co. (NYSE:XOM)

EFG Asset Management Americas Corp. lowered its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 9.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 20,491 shares of the oil and gas company’s stock after selling 2,234 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Exxon Mobil were worth $1,755,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LCM Capital Management Inc lifted its position in Exxon Mobil by 1.3% in the first quarter. LCM Capital Management Inc now owns 10,003 shares of the oil and gas company’s stock valued at $826,000 after purchasing an additional 124 shares during the period. Range Financial Group LLC lifted its position in Exxon Mobil by 4.0% in the second quarter. Range Financial Group LLC now owns 3,196 shares of the oil and gas company’s stock valued at $274,000 after purchasing an additional 124 shares during the period. Investors Research Corp lifted its position in shares of Exxon Mobil by 1.6% during the 1st quarter. Investors Research Corp now owns 7,835 shares of the oil and gas company’s stock valued at $647,000 after acquiring an additional 125 shares during the period. Moulton Wealth Management Inc. lifted its position in shares of Exxon Mobil by 1.0% during the 1st quarter. Moulton Wealth Management Inc. now owns 12,197 shares of the oil and gas company’s stock valued at $1,014,000 after acquiring an additional 126 shares during the period. Finally, Pioneer Trust Bank N A OR lifted its position in shares of Exxon Mobil by 0.3% during the 1st quarter. Pioneer Trust Bank N A OR now owns 36,700 shares of the oil and gas company’s stock valued at $3,031,000 after acquiring an additional 126 shares during the period. Institutional investors own 56.84% of the company’s stock.

Exxon Mobil Stock Down 0.4 %

XOM stock opened at $90.57 on Friday. The stock has a market capitalization of $377.46 billion, a P/E ratio of 9.91, a PEG ratio of 0.30 and a beta of 1.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. Exxon Mobil Co. has a one year low of $55.28 and a one year high of $105.57. The company has a 50 day moving average price of $93.05 and a two-hundred day moving average price of $89.79.

Exxon Mobil (NYSE:XOMGet Rating) last released its earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. During the same period in the previous year, the company earned $1.10 EPS. Exxon Mobil’s revenue for the quarter was up 70.8% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Co. will post 12.67 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a dividend of $0.88 per share. The ex-dividend date was Thursday, August 11th. This represents a $3.52 annualized dividend and a dividend yield of 3.89%. Exxon Mobil’s dividend payout ratio is presently 38.51%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Jeffrey W. Ubben acquired 960,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was bought at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the purchase, the director now directly owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on XOM. The Goldman Sachs Group lifted their price target on shares of Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Credit Suisse Group reiterated an “outperform” rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, August 11th. Piper Sandler reduced their price target on shares of Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating for the company in a research report on Monday, September 12th. HSBC lifted their price target on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a research report on Wednesday, July 20th. Finally, Barclays lifted their price target on shares of Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.69.

About Exxon Mobil

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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

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