Exxon Mobil Corporation $XOM Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,098 shares of the oil and gas company’s stock after selling 3,386 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Exxon Mobil were worth $22,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. 10Elms LLP acquired a new position in Exxon Mobil during the fourth quarter worth $25,000. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil during the first quarter worth $29,000. Elequin Capital LP acquired a new position in Exxon Mobil during the first quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 238 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XOM. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wall Street Zen cut shares of Exxon Mobil from a “hold” rating to a “sell” rating in a research report on Saturday. Barclays restated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $145.00 target price (up from $134.00) on shares of Exxon Mobil in a research report on Monday. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $125.84.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $106.70 on Tuesday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a market cap of $454.89 billion, a P/E ratio of 15.16, a PEG ratio of 2.00 and a beta of 0.53. The company has a 50-day moving average price of $110.29 and a 200 day moving average price of $108.88. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. During the same period last year, the business earned $2.14 earnings per share. Exxon Mobil’s revenue was down 12.4% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Exxon Mobil Profile

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.