Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Clearstead Trust LLC

Key Points

• Clearstead Trust LLC reduced its stake in Exxon Mobil Corporation by 10.4% in the first quarter, owning 31,124 shares valued at $3,702,000.
• Exxon Mobil reported a quarterly EPS of $1.64, exceeding analysts' expectations of $1.47, with a revenue of $81.51 billion.
• The company announced a quarterly dividend of $0.99 per share, translating to an annualized dividend of $3.96 and a yield of 3.6%.

Clearstead Trust LLC cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 10.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 31,124 shares of the oil and gas company's stock after selling 3,618 shares during the period. Exxon Mobil comprises about 0.8% of Clearstead Trust LLC's holdings, making the stock its 23rd biggest holding. Clearstead Trust LLC's holdings in Exxon Mobil were worth $3,702,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $29,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $32,000. Cloud Capital Management LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $45,000. Finally, Clarity Asset Management Inc. raised its position in shares of Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on XOM shares. Morgan Stanley increased their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday. Piper Sandler upped their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, TD Cowen upped their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.26.

Exxon Mobil Stock Down 0.2%

Shares of XOM traded down $0.22 during mid-day trading on Tuesday, hitting $107.15. 21,311,773 shares of the company's stock were exchanged, compared to its average volume of 15,124,150. The company has a market cap of $461.78 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 2.01 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 company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock's 50-day moving average is $109.64 and its 200-day moving average is $109.07.

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 the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business's quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.14 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.7%. Exxon Mobil's dividend payout ratio (DPR) 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.