Silicon Valley Capital Partners Trims Stock Position in Exxon Mobil Corporation $XOM

Key Points

• Silicon Valley Capital Partners reduced its stake in Exxon Mobil Corporation by 10.7%, now owning 78,732 shares valued at approximately $9.27 million, making it the company's 25th largest holding.
• Several institutional investors, including Jacobs Levy Equity Management and MIRAE ASSET GLOBAL ETFS HOLDINGS, increased their stakes in Exxon Mobil during the fourth quarter of the previous year.
• Exxon Mobil announced a quarterly dividend of $0.99 per share, representing an annualized yield of 3.5%, with a dividend payout ratio of 56.25% as reported in their latest earnings results.

Silicon Valley Capital Partners trimmed its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 10.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 78,732 shares of the oil and gas company's stock after selling 9,407 shares during the period. Exxon Mobil comprises 1.2% of Silicon Valley Capital Partners' investment portfolio, making the stock its 25th biggest holding. Silicon Valley Capital Partners' holdings in Exxon Mobil were worth $9,269,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. lifted its position in shares of Exxon Mobil by 300.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company's stock worth $1,534,000 after purchasing an additional 10,697 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Exxon Mobil by 9.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 470,726 shares of the oil and gas company's stock worth $50,622,000 after buying an additional 40,472 shares in the last quarter. Northwest Quadrant Wealth Management LLC grew its stake in shares of Exxon Mobil by 7.8% in the fourth quarter. Northwest Quadrant Wealth Management LLC now owns 5,401 shares of the oil and gas company's stock worth $581,000 after acquiring an additional 390 shares in the last quarter. Northeast Financial Consultants Inc boosted its holdings in Exxon Mobil by 1.1% in the fourth quarter. Northeast Financial Consultants Inc now owns 82,815 shares of the oil and gas company's stock valued at $8,908,000 after purchasing an additional 883 shares during the period. Finally, NorthRock Partners LLC increased its holdings in Exxon Mobil by 114.8% during the 4th quarter. NorthRock Partners LLC now owns 51,946 shares of the oil and gas company's stock worth $5,588,000 after purchasing an additional 27,764 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. UBS Group boosted their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Piper Sandler raised their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Morgan Stanley upped their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $124.81.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.45 on Thursday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The business's 50-day moving average price is $110.55 and its 200 day moving average price is $109.13. 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 firm has a market cap of $479.39 billion, a P/E ratio of 15.97, a P/E/G ratio of 2.06 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. The company's revenue for the quarter was down 12.4% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 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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