Exxon Mobil Corporation $XOM Shares Sold by Angeles Wealth Management LLC

Key Points

• Angeles Wealth Management LLC reduced its holdings in Exxon Mobil Corporation by 13.4%, now owning 26,196 shares worth approximately $2.8 million.
• Exxon Mobil recently announced a quarterly dividend of $0.99, translating to an annualized yield of 3.5% and a payout ratio of 56.25%.
• Analysts have varied ratings on XOM, with price targets ranging from $120 to $156, and the stock currently holds a Moderate Buy average rating.

Angeles Wealth Management LLC lessened its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 13.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,196 shares of the oil and gas company's stock after selling 4,045 shares during the quarter. Angeles Wealth Management LLC's holdings in Exxon Mobil were worth $2,824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in XOM. Nuveen LLC purchased a new stake in Exxon Mobil in the 1st quarter valued at approximately $2,730,414,000. GQG Partners LLC boosted its holdings in Exxon Mobil by 15,135.7% in 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 purchasing an additional 10,004,975 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Exxon Mobil in the 2nd quarter valued at approximately $607,621,000. Ameriprise Financial Inc. boosted its holdings in Exxon Mobil by 10.8% in 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 purchasing an additional 2,639,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Exxon Mobil by 72.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company's stock valued at $598,280,000 after purchasing an additional 2,332,293 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

XOM stock opened at $112.20 on Monday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock's 50 day moving average price is $111.83 and its 200 day moving average price is $109.16. The firm has a market cap of $478.35 billion, a P/E ratio of 15.94, a PEG ratio of 2.01 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion for the quarter. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil's dividend payout ratio is presently 56.25%.

Analyst Upgrades and Downgrades

XOM has been the topic of several research analyst reports. Wells Fargo & Company initiated coverage on Exxon Mobil in a research note on Friday. They set an "overweight" rating and a $156.00 price target on the stock. TD Cowen boosted their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Morgan Stanley boosted their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Mizuho decreased their price target on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Finally, Bank of America boosted their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $127.58.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction that occurred 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 owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.03% of the company's stock.

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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