Ascent Group LLC Cuts Stake in Exxon Mobil Corporation $XOM

Ascent Group LLC lessened its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 20.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,557 shares of the oil and gas company's stock after selling 19,972 shares during the period. Ascent Group LLC's holdings in Exxon Mobil were worth $8,468,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. KFG Wealth Management LLC purchased a new stake in Exxon Mobil during the 1st quarter worth about $203,000. Persium Advisors LLC grew its position in shares of Exxon Mobil by 6.9% during the first quarter. Persium Advisors LLC now owns 6,061 shares of the oil and gas company's stock worth $721,000 after buying an additional 389 shares in the last quarter. Gleason Group Inc. increased its stake in shares of Exxon Mobil by 0.9% during the first quarter. Gleason Group Inc. now owns 16,535 shares of the oil and gas company's stock worth $1,966,000 after buying an additional 148 shares during the period. Perkins Coie Trust Co raised its holdings in Exxon Mobil by 3.9% in the first quarter. Perkins Coie Trust Co now owns 8,011 shares of the oil and gas company's stock valued at $953,000 after acquiring an additional 297 shares in the last quarter. Finally, Sunflower Bank N.A. lifted its stake in Exxon Mobil by 2.3% in the first quarter. Sunflower Bank N.A. now owns 25,768 shares of the oil and gas company's stock worth $3,065,000 after acquiring an additional 589 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Activity

In related 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 transaction, the vice president owned 13,829 shares of the company's stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on XOM shares. Bank of America raised their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. UBS Group raised their price target on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Morgan Stanley upped their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Mizuho cut their target price on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. Finally, Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Exxon Mobil has a consensus rating of "Hold" and an average target price of $125.00.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $113.25 on Monday. The stock has a market cap of $482.81 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.06 and a beta of 0.51. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The stock has a 50 day moving average of $111.15 and a two-hundred day moving average of $109.48. 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 - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company's quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.14 EPS. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced 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 was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil's dividend payout ratio is 56.25%.

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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