Exxon Mobil Corporation $XOM Shares Sold by Nearwater Capital Markets Ltd

Key Points

• Nearwater Capital Markets Ltd significantly reduced its stake in Exxon Mobil by 67.3%, selling 175,000 shares, resulting in ownership of 85,000 shares worth approximately $10 million.
• Despite Nearwater's divestment, other institutional investors have increased their holdings, with firms like Quantinno Capital Management LP raising their stake by 24.1%.
• Exxon Mobil announced a quarterly dividend of $0.99, translating to an annual yield of 3.5%, with a payout ratio currently at 56.25%.

Nearwater Capital Markets Ltd reduced its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 67.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,000 shares of the oil and gas company's stock after selling 175,000 shares during the period. Nearwater Capital Markets Ltd's holdings in Exxon Mobil were worth $10,109,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Axis Wealth Partners LLC grew its stake in Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock worth $591,000 after acquiring an additional 93 shares in the last quarter. Gagnon Securities LLC lifted its position in shares of Exxon Mobil by 1.3% in the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock worth $860,000 after purchasing an additional 95 shares during the period. Ascent Capital Management LLC lifted its position in shares of Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after purchasing an additional 96 shares during the period. DDD Partners LLC lifted its position in shares of Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock worth $810,000 after purchasing an additional 96 shares during the period. Finally, Waypoint Wealth Partners Inc. lifted its position in shares of Exxon Mobil by 2.1% in the 1st quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company's stock worth $556,000 after purchasing an additional 96 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. Morgan Stanley upped their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Melius Research initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Mizuho decreased their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price for the company. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Hold" and an average target price of $125.00.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 completion of the transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded down $3.17 during trading on Friday, hitting $109.23. 16,823,996 shares of the company's stock were exchanged, compared to its average volume of 14,092,043. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The business has a 50-day simple moving average of $110.45 and a 200-day simple moving average of $109.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The stock has a market capitalization of $465.66 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 2.04 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its 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. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter last year, the company posted $2.14 earnings per share. The firm's revenue was down 12.4% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 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.