Exxon Mobil Corporation (NYSE:XOM) Shares Sold by LGT Fund Management Co Ltd.

Key Points

• LGT Fund Management Co Ltd. has decreased its holdings in Exxon Mobil Corporation by 27.6%, now owning 28,118 shares valued at approximately $3.34 million.
• Exxon Mobil's quarterly earnings report revealed an EPS of $1.64, beating analysts' expectations, although revenue fell by 12.4% year-over-year to $81.51 billion.
• The company recently announced a quarterly dividend of $0.99 per share, representing an annualized yield of 3.7%.

LGT Fund Management Co Ltd. trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 27.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,118 shares of the oil and gas company's stock after selling 10,741 shares during the period. LGT Fund Management Co Ltd.'s holdings in Exxon Mobil were worth $3,344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Axis Wealth Partners LLC boosted its position in Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after buying an additional 93 shares during the last quarter. Gagnon Securities LLC lifted its position in shares of Exxon Mobil by 1.3% during the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock worth $860,000 after purchasing an additional 95 shares during the last quarter. WPWealth LLP lifted its position in shares of Exxon Mobil by 1.1% during the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after purchasing an additional 96 shares during the last quarter. Ascent Capital Management LLC lifted its position in shares of Exxon Mobil by 2.0% during the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after purchasing an additional 96 shares during the last quarter. Finally, DDD Partners LLC lifted its position in shares of Exxon Mobil by 1.4% during the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock worth $810,000 after purchasing an additional 96 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley increased their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $125.26.

Exxon Mobil Price Performance

NYSE XOM opened at $105.87 on Tuesday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market capitalization of $451.35 billion, a PE ratio of 15.04, a P/E/G ratio of 2.01 and a beta of 0.53. The company's 50 day simple moving average is $109.94 and its 200 day simple moving average is $108.94.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business's revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the business earned $2.14 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm 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 dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 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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