Exxon Mobil Corporation $XOM Shares Sold by Doliver Advisors LP

Key Points

• Doliver Advisors LP reduced its stake in Exxon Mobil Corporation by 0.7%, owning 1,079,990 shares, which remains 31.9% of its portfolio, worth approximately $116.4 million.
• Exxon Mobil recently reported a quarterly EPS of $1.64 for the quarter ending August 1, surpassing the estimate of $1.47, with revenue of $81.51 billion, a decline of 12.4% year-over-year.
• The company declared a quarterly dividend of $0.99 per share, which represents an annualized dividend yield of 3.5% and a payout ratio of 56.25%.

Doliver Advisors LP lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,079,990 shares of the oil and gas company's stock after selling 7,249 shares during the period. Exxon Mobil comprises 31.9% of Doliver Advisors LP's portfolio, making the stock its largest holding. Doliver Advisors LP's holdings in Exxon Mobil were worth $116,423,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new position in Exxon Mobil during the fourth quarter worth about $25,000. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil during the first quarter worth about $29,000. Elequin Capital LP acquired a new position in Exxon Mobil during the first quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after buying an additional 238 shares during the last quarter. Finally, Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.21 on Friday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. 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 company has a 50 day moving average price of $110.55 and a 200 day moving average price of $109.15. The firm has a market capitalization of $478.38 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57.

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 net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the prior year, the business posted $2.14 earnings per share. Exxon Mobil's revenue for the quarter was down 12.4% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. TD Cowen boosted their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $124.81.

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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