JTC Employer Solutions Trustee Ltd Sells 17,059 Shares of Exxon Mobil Corporation $XOM

Key Points

• JTC Employer Solutions Trustee Ltd sold 17,059 shares of Exxon Mobil Corporation, reducing its holdings by 81.8% in the 2nd quarter, leaving it with 3,789 shares valued at approximately $409,000.
• Exxon Mobil's quarterly dividend was recently paid at $0.99 per share, representing an annualized dividend of $3.96 and a yield of 3.5%, with a payout ratio of 56.25%.
• Analysts have a consensus target price of $127.58 for Exxon Mobil, with ratings ranging from "Strong Buy" to "Hold," indicating general optimism about the company's growth.

JTC Employer Solutions Trustee Ltd lessened its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 81.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,789 shares of the oil and gas company's stock after selling 17,059 shares during the quarter. JTC Employer Solutions Trustee Ltd's holdings in Exxon Mobil were worth $409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in 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 buying an additional 1,340,343 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Exxon Mobil by 1.6% during the 1st 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. lifted its position in Exxon Mobil by 10.8% during the 1st 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 raised its position in shares of Exxon Mobil by 9.7% in the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock valued at $2,966,598,000 after acquiring an additional 2,329,964 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Exxon Mobil by 3.7% in the 1st 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 acquiring an additional 909,386 shares during the period. Institutional investors own 61.80% of the company's stock.

Insider Activity at Exxon Mobil

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 stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Up 1.4%

Shares of NYSE XOM opened at $112.20 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. The stock has a market capitalization of $478.35 billion, a P/E ratio of 15.94, a PEG ratio of 2.01 and a beta of 0.51. The stock's fifty day moving average is $111.83 and its 200 day moving average is $109.16.

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

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's payout ratio is currently 56.25%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Piper Sandler set a $141.00 target price on Exxon Mobil in a research note on Tuesday, October 7th. UBS Group raised their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a "buy" rating in a research note on Monday, October 13th. Mizuho cut 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. Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Finally, Bank of America increased their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $127.58.

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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