Exxon Mobil Corporation $XOM Position Lessened by Richard P Slaughter Associates Inc

Key Points

• Richard P Slaughter Associates Inc reduced its stake in Exxon Mobil by 12.9% during Q2, leaving them with 24,481 shares valued at approximately $2.64 million.
• Exxon Mobil announced a quarterly dividend of $0.99 per share, which results in an annualized payout of $3.96 and a dividend yield of 3.5%.
• The company's stock saw a 0.1% increase, with a market capitalization of $478.38 billion and reported $1.64 earnings per share in its latest earnings announcement.

Richard P Slaughter Associates Inc decreased its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 12.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,481 shares of the oil and gas company's stock after selling 3,622 shares during the period. Richard P Slaughter Associates Inc's holdings in Exxon Mobil were worth $2,639,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in XOM. Nuveen LLC bought a new stake in Exxon Mobil during the 1st quarter valued at $2,730,414,000. GQG Partners LLC raised its stake in Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock valued at $1,197,753,000 after acquiring an additional 10,004,975 shares in the last quarter. GAMMA Investing LLC raised its stake in Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after acquiring an additional 9,391,614 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock valued at $3,213,848,000 after acquiring an additional 2,639,797 shares in the last quarter. Finally, Amundi raised its stake 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 acquiring an additional 2,329,964 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Stock Up 0.1%

Shares of Exxon Mobil stock opened at $112.21 on Monday. The stock's fifty day moving average is $110.55 and its 200-day moving average is $109.14. The firm has a market capitalization of $478.38 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. 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 Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to analyst estimates 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 for the quarter was down 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.14 earnings per share. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil's payout ratio is currently 56.25%.

Analyst Ratings Changes

XOM has been the topic of several recent analyst reports. Melius Research initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Bank of America lifted their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, TD Cowen lifted their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $124.81.

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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