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 second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $3,184,424,000. GQG Partners LLC increased its position in Exxon Mobil by 59.9% during the 1st quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock valued at $4,277,527,000 after purchasing an additional 19,403,556 shares during the period. Vanguard Group Inc. increased its position in Exxon Mobil by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock valued at $30,098,496,000 after purchasing an additional 8,825,023 shares during the period. American Century Companies Inc. increased its position in Exxon Mobil by 149.6% during the 1st quarter. American Century Companies Inc. now owns 6,534,097 shares of the oil and gas company’s stock valued at $539,651,000 after purchasing an additional 3,915,876 shares during the period. Finally, Swiss National Bank increased its position in Exxon Mobil by 14.0% during the 1st quarter. Swiss National Bank now owns 18,336,791 shares of the oil and gas company’s stock valued at $1,514,436,000 after purchasing an additional 2,245,300 shares during the period. Institutional investors own 56.84% of the company’s stock.

Insider Transactions at Exxon Mobil

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

Analysts Set New Price Targets

A number of research firms have weighed in on XOM. Piper Sandler decreased their target price 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. Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. HSBC raised their price objective on shares of Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a research report on Wednesday, July 20th. Truist Financial reduced their price objective on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research report on Tuesday, July 19th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, August 11th. Two investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $96.69.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $90.57 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $93.05 and its two-hundred day simple moving average is $89.79. Exxon Mobil Co. has a 1-year low of $55.28 and a 1-year high of $105.57. The stock has a market cap of $377.46 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.30 and a beta of 1.07.

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.74 by $0.40. The business had revenue of $115.68 billion for the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The business’s revenue was up 70.8% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. As a group, analysts forecast that Exxon Mobil Co. will post 12.67 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced 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. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date was Thursday, August 11th. Exxon Mobil’s payout ratio is 38.51%.

Exxon Mobil Profile

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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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