Allianz SE Sells 148,215 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Allianz SE reduced its stake in Exxon Mobil Corporation by 75%, selling 148,215 shares and retaining 49,360 shares valued at approximately $5.87 million.
• Exxon Mobil reported $1.64 EPS for the last quarter, exceeding analysts' expectations of $1.47, with quarterly revenue of $81.51 billion.
• The company's quarterly dividend of $0.99 reflects an annualized yield of 3.6%, with a payout ratio of 52.52%.

Allianz SE lessened its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 75.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,360 shares of the oil and gas company's stock after selling 148,215 shares during the period. Allianz SE's holdings in Exxon Mobil were worth $5,870,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Quantinno Capital Management LP raised its position in Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after purchasing an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $55,000. Journey Strategic Wealth LLC grew its stake in shares of Exxon Mobil by 6.7% during the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock valued at $2,608,000 after purchasing an additional 1,379 shares during the last quarter. Legacy Trust grew its holdings in Exxon Mobil by 12.7% during the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after acquiring an additional 997 shares during the period. Finally, Hartford Funds Management Co LLC grew its holdings in Exxon Mobil by 51.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after acquiring an additional 2,617 shares during the period. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $109.61 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.24 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 $126.34. The stock has a market cap of $472.38 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 2.06 and a beta of 0.53. The firm's fifty day simple moving average is $109.48 and its 200 day simple moving average is $109.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The company had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. During the same period last year, the company posted $2.14 EPS. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho cut their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. TD Cowen lifted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Piper Sandler lifted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $125.42.

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.

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