Exxon Mobil Corporation $XOM Stock Holdings Lessened by Legacy Wealth Management LLC MS

Key Points

• Legacy Wealth Management LLC MS reduced its stake in Exxon Mobil Corporation by 34.3%, owning 14,275 shares valued at $1.54 million after selling 7,451 shares in Q2.
• Exxon Mobil's earnings reported $1.64 EPS, exceeding estimates, with revenue of $81.51 billion, but down 12.4% year-over-year.
• Wall Street analysts have an average rating of "Hold" for Exxon Mobil, with a target price of $124.81, while several institutions have increased their holdings in the first quarter.

Legacy Wealth Management LLC MS reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 34.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,275 shares of the oil and gas company's stock after selling 7,451 shares during the quarter. Legacy Wealth Management LLC MS's holdings in Exxon Mobil were worth $1,539,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in XOM. Bank of New York Mellon Corp grew its holdings in shares of Exxon Mobil by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after acquiring an additional 1,340,343 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Exxon Mobil by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock valued at $3,850,167,000 after purchasing an additional 512,860 shares in the last quarter. Ameriprise Financial Inc. increased its position in Exxon Mobil by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after purchasing an additional 2,639,797 shares during the last quarter. Amundi raised its stake in shares of Exxon Mobil by 9.7% during the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock worth $2,966,598,000 after purchasing an additional 2,329,964 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Exxon Mobil by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock valued at $3,028,968,000 after buying an additional 909,386 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Melius Research began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $124.81.

Exxon Mobil Price Performance

NYSE XOM opened at $112.21 on Friday. The company has a market cap of $478.38 billion, a P/E ratio of 15.94, a P/E/G ratio of 2.05 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 current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $110.55 and a 200 day simple moving average of $109.15.

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 for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The firm 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 quarter in the previous year, the business earned $2.14 EPS. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid 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 3.5%. Exxon Mobil's dividend 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 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 transaction, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is owned by company insiders.

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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