Jones Financial Companies Lllp Sells 201,835 Shares of Exxon Mobil Corporation $XOM

Key Points

• Jones Financial Companies Lllp significantly reduced its holdings in Exxon Mobil by 80.3%, selling 201,835 shares and leaving them with 49,554 shares valued at approximately $5,887,000.
• Exxon Mobil recently declared a $0.99 quarterly dividend with a yield of 3.6%, to be paid on September 10, 2023.
• Despite a 12.4% year-over-year revenue decline, Exxon Mobil reported Q2 earnings of $1.64 per share, exceeding estimates and showcasing robust financial metrics.

Jones Financial Companies Lllp lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 80.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,554 shares of the oil and gas company's stock after selling 201,835 shares during the quarter. Jones Financial Companies Lllp's holdings in Exxon Mobil were worth $5,887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of XOM. Bank of New York Mellon Corp boosted its stake in shares of Exxon Mobil by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock worth $5,390,318,000 after acquiring an additional 1,340,343 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Exxon Mobil by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock worth $3,850,167,000 after purchasing an additional 512,860 shares during the last quarter. Ameriprise Financial Inc. boosted its position 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 worth $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 last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Exxon Mobil by 3.7% in 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. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 0.7%

Shares of NYSE:XOM opened at $110.58 on Wednesday. The company has a 50 day moving average of $110.52 and a 200-day moving average of $109.11. 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 stock has a market cap of $471.43 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 2.05 and a beta of 0.57. Exxon Mobil Corporation has a one year low of $97.80 and a one 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 (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm's revenue was down 12.4% on a year-over-year basis. During the same period last year, the company earned $2.14 EPS. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared 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 of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil's dividend payout ratio is 56.25%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on XOM shares. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wall Street Zen downgraded shares of Exxon Mobil from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Finally, Melius Research began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $125.00.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company's stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by insiders.

About Exxon Mobil

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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