ExxonMobil Corporation $XOM Holdings Trimmed by Bogart Wealth LLC

Key Points

• Bogart Wealth LLC trimmed its ExxonMobil position by 1.1% in the second quarter, selling 13,241 shares and retaining 1.20 million shares valued at approximately $164.5 million. Institutional investors and hedge funds own 61.8% of XOM.
• Analyst sentiment remains mixed, with 10 Buy ratings and 13 Hold ratings; MarketBeat reports a consensus rating of Hold and an average price target of $163.29.
• ExxonMobil shares opened at $160.08, while the company reported quarterly revenue of $114.53 billion but EPS of $3.52, slightly below estimates. It declared a quarterly dividend of $1.03 per share, representing a 2.6% annualized yield.

Bogart Wealth LLC decreased its position in ExxonMobil Corporation (NYSE:XOM - Free Report) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,202,952 shares of the oil and gas company's stock after selling 13,241 shares during the period. ExxonMobil comprises 5.6% of Bogart Wealth LLC's portfolio, making the stock its 3rd largest holding. Bogart Wealth LLC's holdings in ExxonMobil were worth $164,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Eagle Capital Management LLC boosted its position in ExxonMobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock worth $337,000 after purchasing an additional 376 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of ExxonMobil in the first quarter valued at $305,000. Sivia Capital Partners LLC raised its stake in shares of ExxonMobil by 1.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company's stock worth $1,211,000 after buying an additional 207 shares during the last quarter. United Bank raised its stake in shares of ExxonMobil by 2.8% during the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company's stock worth $2,352,000 after buying an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. boosted its position in shares of ExxonMobil by 17.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company's stock worth $3,957,000 after buying an additional 5,443 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XOM has been the subject of several recent research reports. Piper Sandler assumed coverage on shares of ExxonMobil in a report on Thursday, July 23rd. They set a "neutral" rating and a $158.00 target price for the company. BNP Paribas Exane set a $165.00 price target on shares of ExxonMobil and gave the company a "neutral" rating in a report on Friday, April 17th. Sanford C. Bernstein lowered their price target on shares of ExxonMobil from $195.00 to $182.00 and set an "outperform" rating on the stock in a research report on Monday, May 11th. Weiss Ratings raised shares of ExxonMobil from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, August 4th. Finally, DZ Bank downgraded ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price objective for the company. in a research report on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $163.29.

ExxonMobil Trading Up 0.9%

NYSE XOM opened at $160.08 on Friday. The company's fifty day simple moving average is $147.00 and its 200-day simple moving average is $150.45. ExxonMobil Corporation has a 52 week low of $105.67 and a 52 week high of $176.41. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The stock has a market cap of $663.52 billion, a P/E ratio of 20.60, a PEG ratio of 0.62 and a beta of 0.17.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The firm had revenue of $114.53 billion for the quarter, compared to analysts' expectations of $109.94 billion. During the same period last year, the firm earned $1.64 EPS. Equities research analysts predict that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.6%. ExxonMobil's dividend payout ratio is currently 53.02%.

ExxonMobil Profile

ExxonMobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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