Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Kickstand Ventures LLC.

Key Points

• Kickstand Ventures LLC reduced its stake in Exxon Mobil by 29.7%, owning 7,500 shares valued at $892,000 after selling 3,167 shares in the first quarter.
• Exxon Mobil reported $1.64 earnings per share for its latest quarter, exceeding estimates, but revenue fell 12.4% year-over-year to $81.51 billion.
• The company declared a quarterly dividend of $0.99 per share, resulting in an annualized dividend of $3.96 and a yield of 3.6%.

Kickstand Ventures LLC. reduced its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 29.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,500 shares of the oil and gas company's stock after selling 3,167 shares during the quarter. Kickstand Ventures LLC.'s holdings in Exxon Mobil were worth $892,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Northern Trust Corp lifted its holdings in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Exxon Mobil by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock worth $5,390,318,000 after purchasing an additional 1,340,343 shares during the period. Capital Research Global Investors lifted its holdings in shares of Exxon Mobil by 3.9% during the fourth quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock worth $3,739,465,000 after purchasing an additional 1,293,111 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Exxon Mobil by 8.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company's stock worth $2,409,106,000 after purchasing an additional 1,550,248 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Exxon Mobil by 10.1% during the fourth quarter. Deutsche Bank AG now owns 11,612,582 shares of the oil and gas company's stock worth $1,249,165,000 after purchasing an additional 1,066,374 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. Morgan Stanley raised their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. 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, TD Cowen raised their target price on 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 issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and an average price target of $125.26.

Exxon Mobil Stock Down 0.2%

Shares of XOM traded down $0.22 during trading on Tuesday, reaching $107.15. The company's stock had a trading volume of 21,311,773 shares, compared to its average volume of 15,124,150. The company has a fifty day moving average of $109.64 and a two-hundred day moving average of $109.07. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. 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. 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 for the quarter, beating 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 business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the previous year, the business earned $2.14 EPS. The business's quarterly revenue was down 12.4% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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