Ballentine Partners LLC Has $6.35 Million Holdings in Exxon Mobil Corporation $XOM

Key Points

• Ballentine Partners LLC reduced its holdings in Exxon Mobil Corporation by 10.9%, now owning 58,856 shares valued at approximately $6.35 million.
• Exxon Mobil recently exceeded earnings expectations with $1.64 EPS and reported revenue of $81.51 billion, despite a 12.4% year-over-year revenue decline.
• The company declared a quarterly dividend of $0.99, resulting in an annualized yield of 3.5% and a payout ratio of 56.25%.

Ballentine Partners LLC decreased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 10.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,856 shares of the oil and gas company's stock after selling 7,187 shares during the period. Ballentine Partners LLC's holdings in Exxon Mobil were worth $6,345,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in XOM. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil during the first quarter worth approximately $29,000. Elequin Capital LP acquired a new position in shares of Exxon Mobil in the first quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC raised its stake in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of Exxon Mobil in the second quarter valued at $38,000. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Melius Research assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Melius assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. UBS Group increased their price objective on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Bank of America increased their price objective on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Finally, Piper Sandler raised their target price on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $125.00.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on 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. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $114.56 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a market cap of $488.40 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 2.08 and a beta of 0.57. The business's 50-day simple moving average is $110.57 and its 200 day simple moving average is $109.44.

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

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Exxon Mobil 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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