Exxon Mobil Corporation $XOM Shares Sold by Armistice Capital LLC

Key Points

• Armistice Capital LLC reduced its holdings in Exxon Mobil by 36.0% in the first quarter, bringing its total shares to 123,266, worth approximately $14.66 million.
• Exxon Mobil announced a quarterly dividend of $0.99, with a payout ratio of 56.25% and an annualized yield of 3.5%.
• Analysts have varying price targets for Exxon Mobil, with Piper Sandler increasing theirs to $145.00 while the consensus rating remains a "Hold" with a target price of $125.00.

Armistice Capital LLC lessened its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 36.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 123,266 shares of the oil and gas company's stock after selling 69,190 shares during the quarter. Armistice Capital LLC's holdings in Exxon Mobil were worth $14,660,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth about $2,730,414,000. GQG Partners LLC lifted its holdings in shares of Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock worth $1,197,753,000 after purchasing an additional 10,004,975 shares during the period. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 9,391,614 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after purchasing an additional 2,639,797 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $240,653,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction 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 transaction, the vice president owned 13,829 shares of the company's stock, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on XOM. Piper Sandler lifted their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Sunday, August 24th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Melius Research began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target for the company. One equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Stock Up 0.8%

Exxon Mobil stock opened at $114.28 on Friday. The stock has a market capitalization of $487.21 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 2.13 and a beta of 0.53. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The business has a 50 day simple moving average of $110.16 and a 200-day simple moving average of $109.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

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 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same period in the previous year, the business earned $2.14 earnings per share. The firm's revenue for the quarter was down 12.4% on a year-over-year basis. On average, analysts anticipate 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 paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.