B. Metzler seel. Sohn & Co. AG Sells 7,144 Shares of Exxon Mobil Corporation $XOM

Key Points

• B. Metzler seel. Sohn & Co. AG has reduced its holdings in Exxon Mobil Corporation by 4.9%, selling 7,144 shares and leaving it with 137,533 shares valued at approximately $16.36 million.
• Exxon Mobil recently reported $1.64 earnings per share for the quarter, exceeding estimates, though revenues declined by 12.4% year-over-year to $81.51 billion.
• The company announced a quarterly dividend of $0.99, representing a 3.5% yield, with a payout ratio of 56.25% and the ex-dividend date set for August 15th.

B. Metzler seel. Sohn & Co. AG reduced its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 137,533 shares of the oil and gas company's stock after selling 7,144 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Exxon Mobil were worth $16,357,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in XOM. Boothbay Fund Management LLC increased its position in shares of Exxon Mobil by 53.9% during the 4th quarter. Boothbay Fund Management LLC now owns 3,812 shares of the oil and gas company's stock valued at $410,000 after purchasing an additional 1,335 shares during the last quarter. Quarry LP increased its position in shares of Exxon Mobil by 123.8% during the 4th quarter. Quarry LP now owns 998 shares of the oil and gas company's stock valued at $107,000 after purchasing an additional 552 shares during the last quarter. Bellwether Advisors LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $104,000. Ion Asset Management Ltd. increased its position in shares of Exxon Mobil by 11.8% during the 4th quarter. Ion Asset Management Ltd. now owns 6,150 shares of the oil and gas company's stock valued at $662,000 after purchasing an additional 650 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in shares of Exxon Mobil by 23.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 17,078 shares of the oil and gas company's stock valued at $1,837,000 after purchasing an additional 3,197 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 0.0%

NYSE XOM opened at $111.71 on Wednesday. The stock has a market cap of $476.26 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 2.09 and a beta of 0.53. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a 50 day simple moving average of $110.18 and a two-hundred day simple moving average of $108.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. During the same period in the previous year, the firm earned $2.14 earnings per share. The business's revenue was down 12.4% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's payout ratio is 56.25%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on XOM. Morgan Stanley increased their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group increased their price objective on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Finally, Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of "Hold" and a consensus target price of $125.00.

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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