PGIM Custom Harvest LLC Sells 2,844 Shares of Exxon Mobil Corporation $XOM

Key Points

• PGIM Custom Harvest LLC reduced its Exxon Mobil holdings by 20.1% in the first quarter, selling 2,844 shares to hold a total of 11,337 shares valued at approximately $1.35 million.
• Analysts have set a consensus target price of $125.00 for Exxon Mobil, with ratings including one Strong Buy, eight Buy, eleven Hold, and one Sell.
• Exxon Mobil recently declared a quarterly dividend of $0.99, equating to an annualized yield of 3.6%, with the ex-dividend date set for August 15.

PGIM Custom Harvest LLC lessened its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 20.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,337 shares of the oil and gas company's stock after selling 2,844 shares during the period. PGIM Custom Harvest LLC's holdings in Exxon Mobil were worth $1,348,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. 10Elms LLP bought a new stake in shares of Exxon Mobil during the fourth quarter worth $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the first quarter worth $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil during the first quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of 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 worth $35,000 after acquiring an additional 238 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on XOM shares. Piper Sandler increased their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday. Melius Research started coverage on shares of Exxon Mobil in a research report on Wednesday. They set a "hold" rating and a $111.00 price objective for the company. Morgan Stanley increased their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Melius started coverage on shares of Exxon Mobil in a report on Wednesday. They set a "hold" rating and a $111.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of "Hold" and an average target price of $125.00.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $108.5440 on Thursday. The stock has a market cap of $462.75 billion, a P/E ratio of 15.42, a P/E/G ratio of 2.01 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a fifty day moving average price of $110.27 and a two-hundred day moving average price of $108.87. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to analysts' expectations 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 for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.14 earnings per share. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Exxon Mobil 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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