Lingohr Asset Management GmbH Sells 38,184 Shares of Exxon Mobil Corporation $XOM

Key Points

• Lingohr Asset Management GmbH significantly reduced its stake in Exxon Mobil by 82.4%, selling 38,184 shares, leaving them with only 8,160 shares valued at approximately $880,000.
• Exxon Mobil's most recent quarterly earnings were $1.64 per share, surpassing estimates of $1.47, with total revenue of $81.51 billion, a 12.4% decline year-over-year.
• The company announced a quarterly dividend of $0.99 per share, reflecting a yield of 3.5% and a payout ratio of 56.25%.

Lingohr Asset Management GmbH decreased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 82.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,160 shares of the oil and gas company's stock after selling 38,184 shares during the quarter. Exxon Mobil accounts for about 1.6% of Lingohr Asset Management GmbH's investment portfolio, making the stock its 18th largest position. Lingohr Asset Management GmbH's holdings in Exxon Mobil were worth $880,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. 10Elms LLP purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the first quarter valued at approximately $29,000. Elequin Capital LP purchased a new position in Exxon Mobil during the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 238 shares in the last quarter. Finally, Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.1%

XOM stock opened at $112.21 on Monday. 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 Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The stock has a market capitalization of $478.38 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. The firm's fifty day simple moving average is $110.55 and its two-hundred day simple moving average is $109.14.

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

Exxon Mobil Dividend Announcement

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

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction 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 in the company, 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 SEC, which is available at this link. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

XOM has been the topic of several research analyst reports. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Bank of America boosted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $124.81.

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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