Exxon Mobil Corporation $XOM Shares Sold by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC reduced its holdings in Exxon Mobil by 2.9%, now owning 1,131,433 shares valued at approximately $134.6 million, making it the 17th largest holding in their portfolio.
• Exxon Mobil reported $1.64 earnings per share for the most recent quarter, surpassing estimates, with total revenue of $81.51 billion, down 12.4% year-over-year.
• The company announced a quarterly dividend of $0.99, translating to an annualized payout of $3.96 and a yield of 3.6%, with a payout ratio of 56.25%.

MetLife Investment Management LLC lessened its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,131,433 shares of the oil and gas company's stock after selling 33,525 shares during the period. Exxon Mobil comprises about 0.7% of MetLife Investment Management LLC's portfolio, making the stock its 17th largest holding. MetLife Investment Management LLC's holdings in Exxon Mobil were worth $134,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Axis Wealth Partners LLC increased its stake in shares of Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after purchasing an additional 93 shares in the last quarter. Gagnon Securities LLC increased its stake in Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock worth $860,000 after buying an additional 95 shares in the last quarter. Ascent Capital Management LLC increased its stake in Exxon Mobil by 2.0% during the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after buying an additional 96 shares in the last quarter. DDD Partners LLC increased its stake in Exxon Mobil by 1.4% during the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock worth $810,000 after buying an additional 96 shares in the last quarter. Finally, Waypoint Wealth Partners Inc. increased its stake in Exxon Mobil by 2.1% during the 1st quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company's stock worth $556,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $111.1220 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $473.74 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 2.08 and a beta of 0.53. The firm's fifty day simple moving average is $110.24 and its 200 day simple moving average is $108.88. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. The business 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%. The business's quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.14 EPS. As a group, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil's payout ratio is currently 56.25%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on XOM shares. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Sunday. Piper Sandler lifted their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Mizuho lowered their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $125.00.

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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