Edmond DE Rothschild Holding S.A. Sells 5,216 Shares of Exxon Mobil Corporation $XOM

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Exxon Mobil by 3.8% after selling 5,216 shares, leaving them with 131,257 shares valued at approximately $15.61 million.
• Exxon Mobil reported an EPS of $1.64 for the last quarter, exceeding analysts' expectations, but its year-over-year revenue decreased by 12.4%.
• The company announced a quarterly dividend of $0.99 per share, resulting in an annual yield of 3.5%, with a payout ratio of 56.25%.

Edmond DE Rothschild Holding S.A. trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,257 shares of the oil and gas company's stock after selling 5,216 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Exxon Mobil were worth $15,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of Exxon Mobil during the 1st quarter worth approximately $2,730,414,000. GQG Partners LLC raised its stake in Exxon Mobil by 15,135.7% in the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock worth $1,197,753,000 after buying an additional 10,004,975 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Exxon Mobil by 14,242.7% in the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after purchasing an additional 9,391,614 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after acquiring an additional 2,639,797 shares during the period. Finally, Amundi raised its holdings in Exxon Mobil by 9.7% during the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock valued at $2,966,598,000 after buying an additional 2,329,964 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

NYSE:XOM opened at $111.94 on Thursday. The stock's 50-day simple moving average is $110.41 and its 200 day simple moving average is $109.10. The company has a market cap of $477.23 billion, a P/E ratio of 15.90, a P/E/G ratio of 2.13 and a beta of 0.57. 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 Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

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 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 company had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter last year, the business earned $2.14 earnings per share. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be 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 is Friday, August 15th. Exxon Mobil's dividend payout ratio is presently 56.25%.

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 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 in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on XOM shares. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler raised their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. One 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company 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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