GLOBALT Investments LLC GA Decreases Holdings in Exxon Mobil Corporation $XOM

Key Points

• GLOBALT Investments LLC reduced its holdings in Exxon Mobil Corporation by 4.7%, selling 2,179 shares to own 44,544 shares valued at approximately $4.8 million.
• Analysts have set new price targets for Exxon Mobil, with Bank of America raising its objective from $113 to $120, while Barclays reduced its target from $127 to $126.
• Exxon Mobil's stock recently closed at $115.39, with a market cap of approximately $491.94 billion and a quarterly dividend of $0.99 per share, reflecting a yield of 3.4%.

GLOBALT Investments LLC GA cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,544 shares of the oil and gas company's stock after selling 2,179 shares during the quarter. GLOBALT Investments LLC GA's holdings in Exxon Mobil were worth $4,802,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC increased its holdings in Exxon Mobil by 17.4% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 6,800 shares of the oil and gas company's stock worth $733,000 after acquiring an additional 1,008 shares during the last quarter. Opus Capital Group LLC increased its holdings in Exxon Mobil by 3.4% in the 2nd quarter. Opus Capital Group LLC now owns 7,615 shares of the oil and gas company's stock worth $821,000 after acquiring an additional 253 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Exxon Mobil by 38,322.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,458 shares of the oil and gas company's stock worth $373,000 after acquiring an additional 3,449 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Exxon Mobil by 2.4% in the 2nd quarter. Asset Management One Co. Ltd. now owns 1,860,369 shares of the oil and gas company's stock worth $200,548,000 after acquiring an additional 43,469 shares during the last quarter. Finally, Cardinal Point Capital Management ULC purchased a new stake in Exxon Mobil in the 2nd quarter worth about $485,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. Bank of America lifted their price objective on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Mizuho decreased their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Monday, September 15th. Melius Research initiated 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. Weiss Ratings restated a "hold (c)" rating on shares of Exxon Mobil in a research note on Friday. Finally, Barclays cut their target price on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and an average price target of $127.58.

Exxon Mobil Stock Down 0.5%

Shares of NYSE XOM opened at $115.39 on Friday. The company has a market cap of $491.94 billion, a P/E ratio of 16.39, a P/E/G ratio of 2.05 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 50-day simple moving average of $112.58 and a two-hundred day simple moving average of $109.54. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The stock was 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 owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company's stock.

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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