AlTi Global Inc. Has $103.39 Million Holdings in Exxon Mobil Corporation $XOM

AlTi Global Inc. lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 957,674 shares of the oil and gas company's stock after selling 5,144 shares during the quarter. Exxon Mobil accounts for approximately 2.6% of AlTi Global Inc.'s investment portfolio, making the stock its 10th largest position. AlTi Global Inc.'s holdings in Exxon Mobil were worth $103,391,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of XOM. GAMMA Investing LLC boosted its stake in Exxon Mobil by 20.6% during the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company's stock valued at $9,458,000 after buying an additional 13,582 shares in the last quarter. Eagle Capital Management LLC boosted its stake in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock valued at $337,000 after buying an additional 376 shares in the last quarter. Ironwood Wealth Management LLC. acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $200,000. Brucke Financial Inc. boosted its position in shares of Exxon Mobil by 2.1% in the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company's stock valued at $808,000 after purchasing an additional 142 shares during the period. Finally, Lifelong Wealth Advisors Inc. boosted its position in shares of Exxon Mobil by 8.4% in the 1st quarter. Lifelong Wealth Advisors Inc. now owns 2,137 shares of the oil and gas company's stock valued at $254,000 after purchasing an additional 166 shares during the period. Institutional investors own 61.80% of the company's stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Down 0.5%

Shares of Exxon Mobil stock opened at $115.39 on Friday. The stock has a 50-day moving average price of $112.58 and a 200 day moving average price of $109.54. The company has a market cap of $491.94 billion, a P/E ratio of 16.39, a P/E/G ratio of 2.05 and a beta of 0.51. 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 Corporation has a 1 year low of $97.80 and a 1 year high of $123.21.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.4%. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on XOM shares. Barclays decreased their price target on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research report on Tuesday, October 7th. UBS Group increased their price target on Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, October 13th. Mizuho decreased their price target on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. Melius Research started coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. Finally, Melius started coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average price target of $127.58.

About Exxon Mobil

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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