InvesTrust Sells 30,073 Shares of Exxon Mobil Corporation $XOM

Key Points

• InvesTrust reduced its holdings in Exxon Mobil by 40.1% during the second quarter, selling 30,073 shares and now owning 44,834 shares, which represent approximately 1.9% of its investment portfolio.
• Exxon Mobil reported a quarterly earnings per share of $1.64, exceeding the consensus estimate, with revenue of $81.51 billion, but showed a 12.4% decline compared to the previous year.
• The company declared a quarterly dividend of $0.99 per share, achieving a 3.5% yield, and its dividend payout ratio is currently at 56.25%.

InvesTrust lowered its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 40.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,834 shares of the oil and gas company's stock after selling 30,073 shares during the period. Exxon Mobil comprises about 1.9% of InvesTrust's investment portfolio, making the stock its 16th biggest holding. InvesTrust's holdings in Exxon Mobil were worth $4,833,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in Exxon Mobil by 3.0% during 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 purchasing an additional 1,340,343 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Exxon Mobil by 1.6% during 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 during the period. Ameriprise Financial Inc. grew its holdings in Exxon Mobil by 10.8% during 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 purchasing an additional 2,639,797 shares during the period. Amundi grew its holdings in Exxon Mobil by 9.7% during 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 purchasing an additional 2,329,964 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Exxon Mobil by 3.7% during 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 purchasing an additional 909,386 shares during the period. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley boosted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Bank of America boosted their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday. TD Cowen boosted their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Finally, Melius assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $124.81.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $112.21 on Friday. The stock's 50-day simple moving average is $110.55 and its 200-day simple moving average is $109.15. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market capitalization of $478.38 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.05 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil 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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