Trilogy Capital Inc. Sells 19,635 Shares of Exxon Mobil Corporation $XOM

Key Points

• Trilogy Capital Inc. has significantly reduced its stake in Exxon Mobil by 57.2%, selling 19,635 shares, leaving it with 14,664 shares valued at approximately $1,581,000.
• Exxon Mobil reported earnings of $1.64 per share, surpassing expectations, with revenue of $81.51 billion, although revenue was down 12.4% year-over-year.
• The company declared a quarterly dividend of $0.99 per share, reflecting an annualized rate of $3.96, and a dividend yield of 3.5%.

Trilogy Capital Inc. reduced its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 57.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,664 shares of the oil and gas company's stock after selling 19,635 shares during the quarter. Trilogy Capital Inc.'s holdings in Exxon Mobil were worth $1,581,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in XOM. Axis Wealth Partners LLC increased its holdings in shares of 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 valued at $545,000 after acquiring an additional 90 shares in the last quarter. Park Edge Advisors LLC increased its holdings in shares of Exxon Mobil by 0.3% during the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock valued at $3,453,000 after acquiring an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. increased its holdings in shares of Exxon Mobil by 3.6% during the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company's stock valued at $285,000 after acquiring an additional 91 shares in the last quarter. Chapin Davis Inc. increased its holdings in shares of Exxon Mobil by 2.1% during the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock valued at $497,000 after acquiring an additional 93 shares in the last quarter. Finally, Gagnon Securities LLC increased its holdings 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 valued at $860,000 after acquiring an additional 95 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM opened at $113.25 on Friday. The firm has a market cap of $482.81 billion, a PE ratio of 16.09, a PEG ratio of 2.02 and a beta of 0.51. The stock's fifty day moving average price is $111.15 and its two-hundred day moving average price is $109.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

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

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XOM. TD Cowen boosted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Melius began coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. Morgan Stanley lifted their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $125.00.

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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