Exxon Mobil Corporation $XOM Shares Sold by Wilmington Savings Fund Society FSB

Key Points

• Wilmington Savings Fund Society FSB reduced its holdings in Exxon Mobil by 5.0%, selling 19,012 shares, leaving them owning 362,783 shares valued at approximately $39.1 million.
• Exxon Mobil's stock has received a consensus rating of "Moderate Buy" from analysts, with price targets adjusted, including a recent increase from TD Cowen to $128.00.
• The company declared a quarterly dividend of $0.99 per share, representing an annualized dividend yield of 3.6%, with a payout ratio currently at 56.25%.

Wilmington Savings Fund Society FSB lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 362,783 shares of the oil and gas company's stock after selling 19,012 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Exxon Mobil were worth $39,108,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in XOM. Nuveen LLC acquired a new position in Exxon Mobil during the 1st quarter worth $2,730,414,000. GQG Partners LLC lifted its holdings in shares of Exxon Mobil by 15,135.7% in 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 buying an additional 10,004,975 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at $607,621,000. Ameriprise Financial Inc. lifted its holdings in shares of Exxon Mobil by 10.8% in 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 buying an additional 2,639,797 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Exxon Mobil by 72.5% in the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company's stock valued at $598,280,000 after buying an additional 2,332,293 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on XOM. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Thursday, October 9th. TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Bank of America upped their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Melius began coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Finally, UBS Group upped their price objective on Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $126.05.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction 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 directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company's stock.

Exxon Mobil Trading Down 0.8%

Shares of NYSE XOM opened at $110.71 on Friday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The company has a market cap of $471.98 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 2.01 and a beta of 0.51. 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 fifty day simple moving average of $111.72 and a 200-day simple moving average of $109.30.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion during the quarter. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.