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

Key Points

• Voya Investment Management LLC reduced its stake in Exxon Mobil by 2.2%, holding nearly 1.95 million shares valued at approximately $231.8 million after the sale.
• Exxon Mobil reported $1.64 earnings per share for the last quarter, exceeding analysts' expectations of $1.47, while revenue was down 12.4% year-over-year.
• The company declared a quarterly dividend of $0.99 per share, resulting in an annualized yield of 3.5%, with a dividend payout ratio of 56.25%.

Voya Investment Management LLC decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,948,653 shares of the oil and gas company's stock after selling 44,575 shares during the period. Voya Investment Management LLC's holdings in Exxon Mobil were worth $231,753,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Melius assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target for the company. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. One equities 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. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Hold" and an average price target of $124.81.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

XOM opened at $112.26 on Friday. The company has a fifty day simple moving average of $110.55 and a 200 day simple moving average of $109.14. The firm has a market cap of $478.59 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.06 and a beta of 0.57. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during 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 revenue was down 12.4% on a year-over-year basis. During the same period last year, the business earned $2.14 EPS. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company 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. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

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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