Exxon Mobil Corporation $XOM Shares Sold by Perigon Wealth Management LLC

Key Points

• Perigon Wealth Management LLC reduced its shares in Exxon Mobil Corporation by 10.9% during the second quarter, now holding 115,805 shares worth approximately $12.48 million.
• Exxon Mobil reported a $1.64 EPS for the last quarter, surpassing estimates and generating $81.51 billion in revenue, although down 12.4% year-over-year.
• The company declared a $0.99 quarterly dividend, with an annualized amount of $3.96, resulting in a yield of 3.4%.

Perigon Wealth Management LLC decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 10.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,805 shares of the oil and gas company's stock after selling 14,158 shares during the quarter. Perigon Wealth Management LLC's holdings in Exxon Mobil were worth $12,484,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of XOM. Nuveen LLC acquired a new position in shares of Exxon Mobil during the first quarter valued at $2,730,414,000. GQG Partners LLC boosted its holdings in shares of Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock valued at $1,197,753,000 after acquiring an additional 10,004,975 shares during the period. GAMMA Investing LLC raised its stake in shares of Exxon Mobil by 14,242.7% during the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after purchasing an additional 9,391,614 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Exxon Mobil during the second quarter valued at about $607,621,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock valued at $3,213,848,000 after purchasing an additional 2,639,797 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $117.15 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 company's 50-day moving average price is $110.83 and its two-hundred day moving average price is $109.52. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The stock has a market cap of $499.44 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 2.11 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 for the quarter, compared to analysts' expectations of $79.07 billion. During the same period in the previous year, the business earned $2.14 earnings per share. Exxon Mobil's revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.4%. Exxon Mobil's payout ratio is 56.25%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. Melius initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective on the stock. Melius Research initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective on the stock. TD Cowen lifted their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Mizuho cut their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Finally, UBS Group lifted their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $125.00.

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 dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company's stock.

Exxon Mobil Company 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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