Exxon Mobil Corporation $XOM Shares Sold by Heritage Wealth Partners LLC

Key Points

• Heritage Wealth Partners LLC reduced its stake in Exxon Mobil by 32.7%, owning 10,193 shares valued at approximately $1.21 million following the sale.
• Exxon Mobil's quarterly earnings reported $1.64 EPS, surpassing estimates, but the revenue showed a 12.4% decline year-over-year.
• Recent analyst ratings have generally been positive, with multiple firms increasing their price targets, indicating a consensus price target of $125.00 for Exxon Mobil shares.

Heritage Wealth Partners LLC trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 32.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,193 shares of the oil and gas company's stock after selling 4,949 shares during the period. Exxon Mobil comprises about 1.8% of Heritage Wealth Partners LLC's holdings, making the stock its 15th biggest position. Heritage Wealth Partners LLC's holdings in Exxon Mobil were worth $1,212,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. 10Elms LLP acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at approximately $29,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $32,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 238 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 1.7%

Shares of XOM opened at $111.1220 on Friday. The firm has a market cap of $473.74 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 2.05 and a beta of 0.53. The company's fifty day moving average is $110.24 and its two-hundred day moving average is $108.89. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. 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 (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating 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 net margin of 9.17% and a return on equity of 11.34%. Exxon Mobil's revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the business earned $2.14 EPS. Analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a dividend of $0.99 per share. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. Exxon Mobil's payout ratio is presently 56.25%.

Analyst Ratings Changes

XOM has been the subject of a number of recent research reports. UBS Group raised their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday. Piper Sandler raised their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, Morgan Stanley lifted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $125.00.

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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