Exxon Mobil Corporation $XOM Shares Sold by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA reduced its stake in Exxon Mobil by 53% during the second quarter, holding 28,002 shares valued at approximately $2.88 million.
• Exxon Mobil recently reported earnings of $1.64 per share, exceeding analysts' expectations, with quarterly revenue of $81.51 billion.
• The company announced a quarterly dividend of $0.99 per share, reflecting an annualized yield of 3.6% and a payout ratio of 56.25%.

Union Bancaire Privee UBP SA trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 53.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,002 shares of the oil and gas company's stock after selling 31,632 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Exxon Mobil were worth $2,881,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Axis Wealth Partners LLC lifted its holdings in Exxon Mobil by 1.8% during the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock worth $545,000 after buying an additional 90 shares during the last quarter. Park Edge Advisors LLC lifted its holdings in Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock worth $3,453,000 after buying an additional 91 shares during the last quarter. Willow Creek Wealth Management Inc. lifted its holdings in Exxon Mobil by 3.6% during the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company's stock worth $285,000 after buying an additional 91 shares during the last quarter. Chapin Davis Inc. lifted its holdings in Exxon Mobil by 2.1% during the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock worth $497,000 after buying an additional 93 shares during the last quarter. Finally, Gagnon Securities LLC lifted its holdings in shares of Exxon Mobil by 1.3% in the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after purchasing an additional 95 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.5%

XOM opened at $111.43 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $111.10 and a two-hundred day moving average price of $109.57. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market cap of $475.03 billion, a PE ratio of 15.83, a P/E/G ratio of 2.04 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter in the previous year, the firm posted $2.14 EPS. The firm's quarterly revenue was down 12.4% on a year-over-year basis. As a group, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research reports. Melius initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Melius Research initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Morgan Stanley upped their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $125.00.

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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