Investment Partners LTD. Lowers Position in Exxon Mobil Corporation $XOM

Investment Partners LTD. trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,585 shares of the oil and gas company’s stock after selling 680 shares during the quarter. Investment Partners LTD.’s holdings in Exxon Mobil were worth $1,680,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Eagle Capital Management LLC grew its stake in Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares in the last quarter. Brucke Financial Inc. raised its position in shares of Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after buying an additional 142 shares in the last quarter. Castlekeep Investment Advisors LLC lifted its holdings in shares of Exxon Mobil by 10.8% during the 1st quarter. Castlekeep Investment Advisors LLC now owns 11,389 shares of the oil and gas company’s stock worth $1,354,000 after acquiring an additional 1,111 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Exxon Mobil by 8.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company’s stock worth $2,409,106,000 after acquiring an additional 1,550,248 shares in the last quarter. Finally, Firestone Capital Management increased its stake in Exxon Mobil by 21.3% in the first quarter. Firestone Capital Management now owns 23,053 shares of the oil and gas company’s stock valued at $2,742,000 after acquiring an additional 4,049 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM opened at $118.75 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The stock has a market cap of $500.77 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The firm’s fifty day simple moving average is $113.75 and its 200 day simple moving average is $110.50.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The business 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%. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be given a $1.03 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 59.88%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The stock was 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 of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on XOM shares. Melius Research began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Morgan Stanley boosted their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Finally, Piper Sandler upped their price objective on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.67.

Exxon Mobil Company 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.