Exxon Mobil Co. (NYSE:XOM) Shares Sold by Boenning & Scattergood Inc.

Boenning & Scattergood Inc. lowered its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,590 shares of the oil and gas company’s stock after selling 351 shares during the quarter. Exxon Mobil makes up about 1.3% of Boenning & Scattergood Inc.’s investment portfolio, making the stock its 10th largest holding. Boenning & Scattergood Inc.’s holdings in Exxon Mobil were worth $6,645,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in XOM. Vanguard Group Inc. raised its position in shares of Exxon Mobil by 2.5% in the first 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. State Street Corp raised its position in shares of Exxon Mobil by 0.4% in the fourth 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 purchasing an additional 1,128,974 shares during the period. Norges Bank bought a new position in shares of Exxon Mobil in the fourth quarter valued at about $3,184,424,000. GQG Partners LLC raised its position in shares of Exxon Mobil by 59.9% in the first 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. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Exxon Mobil by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after purchasing an additional 560,517 shares during the period. Institutional investors and hedge funds own 56.84% of the company’s stock.

Exxon Mobil Trading Down 0.4 %

XOM opened at $90.57 on Friday. The company’s 50 day moving average is $93.05 and its 200-day 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 company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $377.46 billion, a P/E ratio of 9.91, a PEG ratio of 0.30 and a beta of 1.07.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings results 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 company had revenue of $115.68 billion for the quarter, compared to the consensus estimate of $111.67 billion. During the same period last year, the company posted $1.10 EPS. The firm’s quarterly revenue was up 70.8% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Co. will post 12.67 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Insider Activity

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Credit Suisse Group reissued an “outperform” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, August 11th. Bank of America increased their price objective on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, August 1st. The Goldman Sachs Group raised their price target on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and raised their price target 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. Finally, Truist Financial lowered their price target on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research report on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.

See Also

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

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