Atria Wealth Solutions Inc. Reduces Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in Exxon Mobil by 14.7%, selling 39,022 shares to hold 226,062 shares valued at approximately $26.89 million.
• Institutional investors continue to show interest, with several firms increasing their stakes in Exxon Mobil, reflecting a combined ownership of 61.80% in the company's stock.
• Exxon Mobil announced a quarterly dividend of $0.99 per share, representing an annualized yield of 3.7%, with a payout ratio of 56.25%.

Atria Wealth Solutions Inc. decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 14.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,062 shares of the oil and gas company's stock after selling 39,022 shares during the period. Atria Wealth Solutions Inc.'s holdings in Exxon Mobil were worth $26,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Quantinno Capital Management LP raised its holdings in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after acquiring an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $55,000. Journey Strategic Wealth LLC lifted its position in 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 worth $2,608,000 after buying an additional 1,379 shares in the last quarter. Legacy Trust lifted its position in Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after buying an additional 997 shares in the last quarter. Finally, Hartford Funds Management Co LLC boosted its stake in Exxon Mobil by 51.8% during the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after buying an additional 2,617 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley boosted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday. Mizuho cut their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Piper Sandler upped their price objective on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $125.26.

Exxon Mobil Stock Down 0.5%

Shares of NYSE:XOM traded down $0.52 during trading on Thursday, hitting $105.99. The company's stock had a trading volume of 13,455,331 shares, compared to its average volume of 15,527,678. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The business has a 50 day moving average price of $109.79 and a two-hundred day moving average price of $109.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company has a market capitalization of $451.85 billion, a PE ratio of 15.06, a P/E/G ratio of 2.00 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter last year, the company earned $2.14 EPS. Exxon Mobil's revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's 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.