Exxon Mobil Corporation $XOM Shares Sold by Naviter Wealth LLC

Key Points

• Naviter Wealth LLC reduced its holdings in Exxon Mobil Corporation by 2.9% during the second quarter, resulting in ownership of 149,104 shares worth approximately $16 million.
• Exxon Mobil announced a quarterly dividend of $0.99 per share, with a yield of 3.6% and a dividend payout ratio of 56.25%.
• Exxon Mobil's most recent quarterly earnings reported $0.65 earnings per share and revenues of $57.55 billion, with analysts forecasting a total of 7.43 EPS for the current year.

Naviter Wealth LLC lessened its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,104 shares of the oil and gas company's stock after selling 4,473 shares during the period. Exxon Mobil makes up 2.0% of Naviter Wealth LLC's portfolio, making the stock its 8th biggest position. Naviter Wealth LLC's holdings in Exxon Mobil were worth $16,073,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in XOM. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil in the first quarter worth about $29,000. Elequin Capital LP acquired a new position in Exxon Mobil in the first quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd raised its position in 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 worth $35,000 after purchasing an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC raised its position in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in Exxon Mobil in the second quarter worth about $38,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of XOM stock opened at $110.71 on Friday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21. The stock has a market cap of $471.98 billion, a PE ratio of 15.73, a PEG ratio of 2.01 and a beta of 0.51. 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 firm's 50 day moving average price is $111.72 and its two-hundred day moving average price is $109.30.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, analysts forecast 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 $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research note on Thursday, October 9th. TD Cowen upped their price objective 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, UBS Group upped their price objective on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a "buy" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.05.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company's stock.

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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