ORG Partners LLC Sells 4,627 Shares of Exxon Mobil Corporation $XOM

Key Points

• ORG Partners LLC has reduced its stake in Exxon Mobil by 16.6%, selling 4,627 shares during the second quarter, which leaves them with 23,326 shares valued at approximately $2.55 million.
• Exxon Mobil's stock price today is $117.15, with a market cap of $499.44 billion and a consensus target price of $125.00 from analysts.
• The company declared a quarterly dividend of $0.99, which translates to an annual yield of 3.4% and a payout ratio of 56.25%.

ORG Partners LLC lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 16.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 23,326 shares of the oil and gas company's stock after selling 4,627 shares during the period. ORG Partners LLC's holdings in Exxon Mobil were worth $2,550,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Axis Wealth Partners LLC boosted its position in Exxon Mobil by 1.8% during the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock worth $545,000 after purchasing an additional 90 shares during the period. Park Edge Advisors LLC boosted its holdings in shares of Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock worth $3,453,000 after buying an additional 91 shares during the period. Chapin Davis Inc. boosted its holdings in shares of Exxon Mobil by 2.1% during the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock worth $497,000 after buying an additional 93 shares during the period. Gagnon Securities LLC boosted its holdings in shares of Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock worth $860,000 after buying an additional 95 shares during the period. Finally, Ascent Capital Management LLC boosted its holdings in shares of Exxon Mobil by 2.0% during the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after acquiring an additional 96 shares during the period. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on XOM. Morgan Stanley boosted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Piper Sandler boosted their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Finally, Mizuho cut their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Hold" and a consensus target price of $125.00.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Up 1.3%

Shares of NYSE XOM opened at $117.15 on Monday. The company has a market cap of $499.44 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 2.13 and a beta of 0.57. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $110.83 and a two-hundred day moving average price of $109.53. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating 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 business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter in the prior year, the firm earned $2.14 EPS. The firm's revenue was down 12.4% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

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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