Exxon Mobil Co. (NYSE:XOM) Shares Sold by Allied Investment Advisors LLC

Allied Investment Advisors LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,553 shares of the oil and gas company’s stock after selling 2,941 shares during the quarter. Exxon Mobil makes up about 3.6% of Allied Investment Advisors LLC’s holdings, making the stock its 4th biggest position. Allied Investment Advisors LLC’s holdings in Exxon Mobil were worth $10,153,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Exxon Mobil by 2.5% in 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 last quarter. State Street Corp grew its position in Exxon Mobil by 0.4% in the 4th quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock valued at $15,494,002,000 after buying an additional 1,128,974 shares during the last quarter. Norges Bank purchased a new position in Exxon Mobil in the 4th quarter valued at $3,184,424,000. GQG Partners LLC increased its stake in Exxon Mobil by 59.9% in 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 buying an additional 19,403,556 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Exxon Mobil by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after buying an additional 560,517 shares during the last quarter. Hedge funds and other institutional investors own 56.84% of the company’s stock.

Exxon Mobil Trading Down 0.4 %

Shares of XOM stock opened at $90.57 on Friday. The company has a market capitalization of $377.46 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 0.30 and a beta of 1.07. 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 firm has a 50-day moving average price of $93.05 and a 200 day moving average price of $89.79. Exxon Mobil Co. has a twelve month low of $55.28 and a twelve month high of $105.57.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a $0.88 dividend. 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 dividend payout ratio is currently 38.51%.

Insider Activity at Exxon Mobil

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on XOM. Bank of America boosted their price target on shares of Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Truist Financial cut their target price on Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research note on Tuesday, July 19th. Piper Sandler dropped their price objective on Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating on the stock in a report on Monday, September 12th. HSBC raised their target price on Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a report on Wednesday, July 20th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, August 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $96.69.

Exxon Mobil Company 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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