Exxon Mobil Corporation (NYSE:XOM) Shares Sold by 1834 Investment Advisors Co.

Key Points

• 1834 Investment Advisors Co. reduced its stake in Exxon Mobil by 14.9%, holding 21,727 shares worth approximately $2.58 million after selling 3,803 shares in the recent quarter.
• The company's quarterly earnings exceeded expectations, reporting $1.64 earnings per share on revenue of $81.51 billion, despite a year-over-year revenue decline of 12.4%.
• Exxon Mobil recently declared a $0.99 quarterly dividend, reflecting a 3.7% dividend yield and a payout ratio of 56.25%.

1834 Investment Advisors Co. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 14.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,727 shares of the oil and gas company's stock after selling 3,803 shares during the quarter. 1834 Investment Advisors Co.'s holdings in Exxon Mobil were worth $2,584,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. GAMMA Investing LLC grew its position in shares of Exxon Mobil by 14,242.7% during the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after acquiring an additional 9,391,614 shares during the last quarter. Northern Trust Corp grew its position in Exxon Mobil by 7.0% in the 4th 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 last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $240,653,000. Massachusetts Financial Services Co. MA raised 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 valued at $2,409,106,000 after buying an additional 1,550,248 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Exxon Mobil by 68.3% during the first quarter. Federated Hermes Inc. now owns 3,406,119 shares of the oil and gas company's stock worth $405,090,000 after buying an additional 1,382,760 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.6%

Shares of Exxon Mobil stock opened at $106.56 on Thursday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The firm has a market capitalization of $454.28 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 2.02 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. The stock's fifty day moving average is $109.73 and its 200-day moving average is $109.05.

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, topping analysts' consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the business posted $2.14 EPS. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company 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. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. Exxon Mobil's payout ratio is currently 56.25%.

Wall Street Analyst Weigh In

Several research firms recently commented on XOM. TD Cowen raised their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Piper Sandler upped their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. 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. Finally, Royal Bank Of Canada restated 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 sell rating, ten have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $125.26.

Exxon Mobil Company 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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