Invst LLC Sells 2,993 Shares of Exxon Mobil Corporation $XOM

Key Points

• Invst LLC sold 2,993 shares of Exxon Mobil Corporation during the first quarter, reducing its position by 16.8% to a total of 14,845 shares valued at approximately $1.765 million.
• Wall Street analysts have varied ratings on Exxon Mobil, with one Strong Buy, eight Buy, eleven Hold, and one Sell rating, and a consensus price target of $124.81.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, which results in an annualized yield of 3.5%.

Invst LLC reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 16.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,845 shares of the oil and gas company's stock after selling 2,993 shares during the quarter. Invst LLC's holdings in Exxon Mobil were worth $1,765,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 10Elms LLP bought a new stake in Exxon Mobil during the 4th quarter worth about $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil during the 1st quarter worth about $29,000. Elequin Capital LP bought a new stake in Exxon Mobil during the 1st quarter worth about $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter worth about $32,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 238 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on XOM shares. Melius started coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. Melius Research assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. Morgan Stanley upped their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Piper Sandler upped their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $124.81.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the 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 sale, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

NYSE XOM opened at $112.26 on Friday. The business has a 50 day simple moving average of $110.55 and a 200 day simple moving average of $109.14. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week 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 stock has a market cap of $478.59 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.06 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping 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 business had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same period in the prior year, the business earned $2.14 EPS. Exxon Mobil's revenue for the quarter was down 12.4% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. 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.

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