Exxon Mobil Corporation $XOM Stock Holdings Reduced by ORG Wealth Partners LLC

Key Points

• ORG Wealth Partners LLC has reduced its stake in Exxon Mobil by 7.2%, holding 50,894 shares worth approximately $5.56 million, making it the fund's 8th largest position.
• Numerous hedge funds, including Bank of New York Mellon and Goldman Sachs, have recently increased their holdings in Exxon Mobil, reflecting strong institutional interest in the stock.
• Exxon Mobil announced a quarterly dividend of $0.99 per share, yielding about 3.4%, with a payout ratio of 56.25% as of the latest earnings report.

ORG Wealth Partners LLC reduced its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,894 shares of the oil and gas company's stock after selling 3,951 shares during the period. Exxon Mobil accounts for about 1.5% of ORG Wealth Partners LLC's holdings, making the stock its 8th biggest position. ORG Wealth Partners LLC's holdings in Exxon Mobil were worth $5,563,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its holdings in shares of Exxon Mobil by 3.0% in the first 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 during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 acquiring an additional 512,860 shares during the period. Ameriprise Financial Inc. boosted 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 acquiring an additional 2,639,797 shares during the period. Amundi boosted its holdings in shares of Exxon Mobil by 9.7% in the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock valued at $2,966,598,000 after acquiring an additional 2,329,964 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Exxon Mobil by 3.7% in the first 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 acquiring an additional 909,386 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction 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 completion of the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on XOM. UBS Group increased their price objective on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Morgan Stanley increased their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $125.00.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $117.15 on Monday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The business has a fifty day moving average of $110.83 and a two-hundred day moving average of $109.53. The company has a market cap of $499.44 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 2.13 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 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 company had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter last year, the company earned $2.14 earnings per share. Exxon Mobil's quarterly revenue was down 12.4% compared to the same quarter last year. As a group, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. Exxon Mobil's dividend payout ratio (DPR) is 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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