Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC has dramatically reduced its stake in Exxon Mobil Corporation by selling 76,997 shares, resulting in a total holding of just 2,410 shares worth approximately $287,000.
• Analysts have a mixed outlook on Exxon Mobil, with a consensus rating of "Hold" and price targets ranging from $120.00 to $135.00 depending on the firm.
• Exxon Mobil announced a quarterly dividend payment of $0.99 per share with an annualized yield of 3.7%, which will be paid on September 10th to shareholders on record as of August 15th.

Headlands Technologies LLC reduced its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 97.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,410 shares of the oil and gas company's stock after selling 76,997 shares during the period. Headlands Technologies LLC's holdings in Exxon Mobil were worth $287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Quantinno Capital Management LP raised its position in Exxon Mobil by 24.1% during the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after purchasing an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter valued at $55,000. Journey Strategic Wealth LLC raised its position in Exxon Mobil by 6.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock valued at $2,608,000 after purchasing an additional 1,379 shares in the last quarter. Legacy Trust raised its position in Exxon Mobil by 12.7% during the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after purchasing an additional 997 shares in the last quarter. Finally, Hartford Funds Management Co LLC raised its position in Exxon Mobil by 51.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock valued at $912,000 after purchasing an additional 2,617 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. TD Cowen boosted their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Piper Sandler boosted their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of "Hold" and a consensus price target of $125.26.

Exxon Mobil Stock Performance

Exxon Mobil stock traded up $1.40 during trading hours on Wednesday, hitting $107.53. 17,948,073 shares of the stock traded hands, compared to its average volume of 16,786,738. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm's 50 day moving average price is $109.99 and its 200-day moving average price is $108.92. The stock has a market capitalization of $458.43 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.99 and a beta of 0.53. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company's quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.14 EPS. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. Exxon Mobil's dividend payout ratio is presently 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.