Breakwater Capital Group Sells 2,350 Shares of Exxon Mobil Corporation $XOM

Key Points

• Breakwater Capital Group reduced its stake in Exxon Mobil Corporation by 8.2%, selling 2,350 shares and holding 26,266 shares valued at approximately $2.83 million.
• Analysts have varying views on Exxon Mobil, with UBS increasing its price target from $130.00 to $143.00 and several firms initiating or adjusting their ratings on the stock.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, translating to an annualized dividend yield of 3.5%.

Breakwater Capital Group lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,266 shares of the oil and gas company's stock after selling 2,350 shares during the period. Breakwater Capital Group's holdings in Exxon Mobil were worth $2,831,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Two Sigma Investments LP lifted its holdings in shares of Exxon Mobil by 6.0% in the 4th quarter. Two Sigma Investments LP now owns 30,064 shares of the oil and gas company's stock valued at $3,234,000 after acquiring an additional 1,698 shares during the last quarter. Twinbeech Capital LP bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $15,501,000. Virtus Investment Advisers Inc. bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $151,000. iSAM Funds UK Ltd bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $979,000. Finally, Woodline Partners LP bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $28,392,000. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of analyst reports. UBS Group increased their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Melius initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. Mizuho reduced their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research report on Monday. Piper Sandler increased their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $124.76.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred 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 transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

NYSE XOM opened at $114.64 on Wednesday. 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 firm's 50 day moving average price is $110.59 and its 200-day moving average price is $109.19. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a market cap of $488.74 billion, a PE ratio of 16.28, a P/E/G ratio of 2.05 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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 net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the firm earned $2.14 earnings per share. The company's quarterly revenue was down 12.4% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.5%. 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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