Brandywine Trust Co. Sells 4,883 Shares of Exxon Mobil Corporation $XOM

Key Points

• Brandywine Trust Co. has reduced its holdings in Exxon Mobil by 6.8%, now owning 67,048 shares after selling 4,883 shares in the first quarter.
• Exxon Mobil is currently experiencing a rally in analyst ratings, with the stock receiving multiple target price increases ranging from $135.00 to $143.00 and consensus ratings of "Hold".
• The company reported $1.64 earnings per share in its last quarterly result, surpassing analyst expectations by $0.17, although its revenue declined by 12.4% year-over-year.

Brandywine Trust Co. cut its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,048 shares of the oil and gas company's stock after selling 4,883 shares during the period. Exxon Mobil comprises about 1.2% of Brandywine Trust Co.'s holdings, making the stock its 8th largest position. Brandywine Trust Co.'s holdings in Exxon Mobil were worth $7,974,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. 10Elms LLP acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $25,000. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil in the 1st quarter valued at $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil during the 1st quarter worth $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at $32,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in 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 acquiring an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley lifted their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Finally, UBS Group increased their price target on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Price Performance

XOM stock opened at $111.94 on Thursday. The stock has a market capitalization of $477.23 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 2.13 and a beta of 0.57. The stock's fifty day simple moving average is $110.41 and its 200-day simple moving average is $109.10. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. 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 (NYSE:XOM - Get Free Report) last issued its quarterly 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. 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 analyst estimates of $79.07 billion. During the same period last year, the company earned $2.14 EPS. The firm's quarterly revenue was down 12.4% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction on Friday, August 22nd. The shares were 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. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by company insiders.

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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