Exxon Mobil Corporation $XOM Shares Sold by Sapient Capital LLC

Key Points

• Sapient Capital LLC reduced its stake in Exxon Mobil by 8.0% during the second quarter, now owning 157,017 shares valued at approximately $16.9 million.
• Exxon Mobil's recent earnings report showed $1.64 earnings per share, exceeding the consensus estimate of $1.47, though revenue declined 12.4% year-over-year.
• Several analysts have updated their price targets for Exxon Mobil, with UBS increasing its target from $130.00 to $143.00 and Piper Sandler raising it from $134.00 to $145.00.

Sapient Capital LLC lowered its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 157,017 shares of the oil and gas company's stock after selling 13,572 shares during the quarter. Sapient Capital LLC's holdings in Exxon Mobil were worth $16,926,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Two Sigma Investments LP increased its position in shares of Exxon Mobil by 6.0% during the fourth quarter. Two Sigma Investments LP now owns 30,064 shares of the oil and gas company's stock valued at $3,234,000 after buying an additional 1,698 shares during the period. Woodline Partners LP bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $28,392,000. White Knight Strategic Wealth Advisors LLC raised its holdings in Exxon Mobil by 112.7% in the fourth quarter. White Knight Strategic Wealth Advisors LLC now owns 5,053 shares of the oil and gas company's stock worth $544,000 after purchasing an additional 2,677 shares in the last quarter. NCM Capital Management LLC raised its holdings in Exxon Mobil by 1.1% in the fourth quarter. NCM Capital Management LLC now owns 18,939 shares of the oil and gas company's stock worth $2,037,000 after purchasing an additional 211 shares in the last quarter. Finally, Ames National Corp bought a new position in Exxon Mobil in the fourth quarter worth $976,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

NYSE XOM traded down $1.35 during trading hours on Thursday, reaching $113.94. The company's stock had a trading volume of 14,615,726 shares, compared to its average volume of 13,487,346. The firm has a market capitalization of $485.77 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 2.10 and a beta of 0.57. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company's 50-day moving average is $110.59 and its two-hundred day moving average is $109.27.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating 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 business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same period in the prior year, the business earned $2.14 earnings per share. The business's revenue was down 12.4% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Piper Sandler raised 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. TD Cowen raised their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. UBS Group lifted their target price on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Finally, Melius Research started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of "Hold" and a consensus price target of $124.76.

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.