Mission Creek Capital Partners Inc. Decreases Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• Mission Creek Capital Partners Inc. reduced its stake in Exxon Mobil Corporation by 11.5%, selling 3,830 shares and valuing its remaining holdings at approximately $3.5 million.
• Institutional investor activity around Exxon includes substantial increases in holdings from firms such as GQG Partners LLC and GAMMA Investing LLC, which saw increases of 15,135.7% and 14,242.7%, respectively.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, providing a 3.5% dividend yield with a payout ratio of 56.25%.

Mission Creek Capital Partners Inc. cut its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 11.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,468 shares of the oil and gas company's stock after selling 3,830 shares during the period. Mission Creek Capital Partners Inc.'s holdings in Exxon Mobil were worth $3,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Nuveen LLC purchased a new position in Exxon Mobil during the first quarter worth about $2,730,414,000. GQG Partners LLC raised its position in Exxon Mobil by 15,135.7% in the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock valued at $1,197,753,000 after purchasing an additional 10,004,975 shares during the period. GAMMA Investing LLC lifted its stake in shares of Exxon Mobil by 14,242.7% in the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after purchasing an additional 9,391,614 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of 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 worth $3,213,848,000 after purchasing an additional 2,639,797 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $240,653,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. TD Cowen increased their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Melius began coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Sunday. Finally, Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. One 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 assigned a Sell rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of "Hold" and a consensus target price of $125.00.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The shares were 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. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company's stock.

Exxon Mobil Trading Up 1.1%

NYSE XOM opened at $112.69 on Thursday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The firm has a 50 day moving average of $110.17 and a two-hundred day moving average of $108.95. 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 stock has a market capitalization of $480.41 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.09 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced 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. The business 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 company's revenue was down 12.4% on a year-over-year basis. During the same period last year, the business earned $2.14 EPS. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is currently 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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