Point72 Europe London LLP Cuts Stake in Exxon Mobil Corporation $XOM

Key Points

• Point72 Europe London LLP reduced its stake in Exxon Mobil Corporation by 65.4%, owning 142,247 shares valued at approximately $16.9 million after selling 268,328 shares in Q1.
• In addition to Point72, several other institutional investors have increased their positions in Exxon Mobil, with a total of 61.80% of the stock currently owned by institutional investors.
• Exxon Mobil has recently received varied ratings from analysts, with Wells Fargo setting a price target of $127 and Piper Sandler increasing their target to $145, while the average target price remains at $125.

Point72 Europe London LLP lessened its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 65.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 142,247 shares of the oil and gas company's stock after selling 268,328 shares during the period. Point72 Europe London LLP's holdings in Exxon Mobil were worth $16,917,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Axis Wealth Partners LLC lifted its position in Exxon Mobil by 1.9% during the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after acquiring an additional 93 shares during the last quarter. Gagnon Securities LLC increased its position in shares of Exxon Mobil by 1.3% during the first 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 in the last quarter. Ascent Capital Management LLC lifted its holdings in shares of Exxon Mobil by 2.0% during the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after purchasing an additional 96 shares during the last quarter. DDD Partners LLC boosted 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 in the last quarter. Finally, Waypoint Wealth Partners Inc. grew its stake in Exxon Mobil by 2.1% during the 1st quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company's stock worth $556,000 after buying an additional 96 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

In other 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 transaction of $238,351.10. Following the sale, the vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Sunday, August 24th. Melius started coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective on the stock. Finally, Piper Sandler upped their target price on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $125.00.

Exxon Mobil Price Performance

Shares of XOM opened at $114.28 on Friday. The business's 50-day moving average is $110.16 and its two-hundred day moving average is $109.00. The company has a market capitalization of $487.21 billion, a P/E ratio of 16.23, a P/E/G ratio of 2.13 and a beta of 0.53. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter in the previous year, the firm posted $2.14 EPS. The company's revenue for the quarter was down 12.4% on a year-over-year basis. Research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business 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. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio 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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