Exxon Mobil Corporation $XOM Shares Sold by Bellecapital International Ltd.

Bellecapital International Ltd. lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 14.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,499 shares of the oil and gas company’s stock after selling 760 shares during the period. Bellecapital International Ltd.’s holdings in Exxon Mobil were worth $485,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hourglass Capital LLC grew its position in Exxon Mobil by 1.1% during the second quarter. Hourglass Capital LLC now owns 54,457 shares of the oil and gas company’s stock valued at $5,870,000 after buying an additional 575 shares during the period. Stableford Capital II LLC grew its position in Exxon Mobil by 1.8% during the second quarter. Stableford Capital II LLC now owns 35,592 shares of the oil and gas company’s stock valued at $3,929,000 after buying an additional 616 shares during the period. Evernest Financial Advisors LLC grew its position in Exxon Mobil by 6.0% during the second quarter. Evernest Financial Advisors LLC now owns 6,894 shares of the oil and gas company’s stock valued at $743,000 after buying an additional 390 shares during the period. Tower Wealth Partners Inc. grew its position in Exxon Mobil by 0.9% during the second quarter. Tower Wealth Partners Inc. now owns 16,562 shares of the oil and gas company’s stock valued at $1,785,000 after buying an additional 146 shares during the period. Finally, Turtle Creek Wealth Advisors LLC grew its position in Exxon Mobil by 3.8% during the second quarter. Turtle Creek Wealth Advisors LLC now owns 71,347 shares of the oil and gas company’s stock valued at $7,691,000 after buying an additional 2,587 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 1.4%

Shares of XOM stock opened at $112.20 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a market capitalization of $478.34 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51. The company has a 50 day moving average price of $111.83 and a 200 day moving average price of $109.19. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is 56.25%.

Analysts Set New Price Targets

Several equities analysts have issued reports on XOM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a research note on Tuesday, October 7th. Melius Research initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Finally, Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $127.58.

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.