Exxon Mobil Corporation $XOM Shares Sold by FCG Investment Co

Key Points

• FCG Investment Co reduced its stake in Exxon Mobil by 20.5%, holding 24,554 shares valued at $2.65 million, making it the 17th largest position in their portfolio.
• Exxon Mobil reported a Q2 EPS of $1.64, surpassing analysts' expectations of $1.47, with a revenue of $81.51 billion, which was down 12.4% year-over-year.
• The company announced a quarterly dividend of $0.99 per share, providing a 3.4% yield, and has a current dividend payout ratio of 56.25%.

FCG Investment Co lowered its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 20.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,554 shares of the oil and gas company's stock after selling 6,323 shares during the quarter. Exxon Mobil comprises 1.4% of FCG Investment Co's portfolio, making the stock its 17th largest position. FCG Investment Co's holdings in Exxon Mobil were worth $2,647,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Axis Wealth Partners LLC grew its stake in shares of Exxon Mobil by 1.8% in the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock valued at $545,000 after buying an additional 90 shares in the last quarter. Park Edge Advisors LLC grew its stake in shares of Exxon Mobil by 0.3% in the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock valued at $3,453,000 after buying an additional 91 shares in the last quarter. Chapin Davis Inc. grew its stake in shares of Exxon Mobil by 2.1% in the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock valued at $497,000 after buying an additional 93 shares in the last quarter. Gagnon Securities LLC grew its stake in shares of Exxon Mobil by 1.3% in the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after buying an additional 95 shares in the last quarter. Finally, Ascent Capital Management LLC boosted its holdings in Exxon Mobil by 2.0% in the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Up 1.3%

NYSE:XOM opened at $117.15 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The business's 50 day moving average is $110.83 and its two-hundred day moving average is $109.52. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market cap of $499.44 billion, a PE ratio of 16.64, a P/E/G ratio of 2.13 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter last year, the business posted $2.14 EPS. Exxon Mobil's quarterly revenue was down 12.4% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of analyst reports. TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Mizuho reduced their price target on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Monday, September 15th. Piper Sandler increased their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Bank of America increased their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Finally, Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $125.00.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

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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