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Exxon Mobil Corporation (NYSE:XOM) Position Lowered by Linscomb Wealth Inc.

Exxon Mobil logo with Energy background

Key Points

  • Linscomb Wealth Inc. has reduced its holdings in Exxon Mobil Corporation by 8.1%, now owning 384,242 shares, which is 2.3% of its portfolio, valued at approximately $45.7 million.
  • Several institutional investors have adjusted their positions, with Nuveen LLC acquiring a new stake valued at about $2.73 billion and GAMMA Investing LLC increasing its stake by an impressive 14,242.7%.
  • Exxon Mobil recently declared a quarterly dividend of $0.99 per share, translating to an annual yield of 3.7%, with a payout ratio of 56.25%.
  • Looking to export and analyze Exxon Mobil data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Linscomb Wealth Inc. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 384,242 shares of the oil and gas company's stock after selling 33,702 shares during the period. Exxon Mobil comprises 2.3% of Linscomb Wealth Inc.'s investment portfolio, making the stock its 7th biggest position. Linscomb Wealth Inc.'s holdings in Exxon Mobil were worth $45,698,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. 10Elms LLP purchased a new stake in Exxon Mobil during the 4th quarter valued at about $25,000. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil during the 1st quarter valued at about $29,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at about $32,000. Cloud Capital Management LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at about $45,000. Finally, Clarity Asset Management Inc. grew its stake in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.3%

Exxon Mobil stock traded up $0.27 during mid-day trading on Tuesday, reaching $106.10. 14,104,424 shares of the company's stock were exchanged, compared to its average volume of 15,610,114. The company has a market cap of $452.33 billion, a P/E ratio of 15.07, a P/E/G ratio of 1.99 and a beta of 0.53. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $109.99 and a 200-day moving average of $108.92.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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. The company had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm's quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.14 EPS. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given 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 3.7%. Exxon Mobil's dividend payout ratio is currently 56.25%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on XOM. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Mizuho dropped their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $125.26.

View Our Latest Stock Analysis on Exxon Mobil

Exxon Mobil Profile

(Free Report)

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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