Exxon Mobil Corporation $XOM is United Services Automobile Association's 8th Largest Position

Key Points

• United Services Automobile Association decreased its stake in Exxon Mobil by 30.4%, selling 250,023 shares and retaining 571,403 shares, which account for about 2.1% of its portfolio.
• Exxon Mobil recently reported $1.64 EPS for the quarter, surpassing analysts' expectations, with revenue of $81.51 billion, although down 12.4% year-over-year.
• The company declared a quarterly dividend of $0.99, resulting in an annualized dividend of $3.96 and a dividend yield of 3.6%.

United Services Automobile Association lowered its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 30.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 571,403 shares of the oil and gas company's stock after selling 250,023 shares during the period. Exxon Mobil comprises about 2.1% of United Services Automobile Association's investment portfolio, making the stock its 8th biggest holding. United Services Automobile Association's holdings in Exxon Mobil were worth $67,271,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of XOM. 10Elms LLP purchased a new position in Exxon Mobil during the fourth quarter valued at $25,000. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the first quarter valued at $29,000. Elequin Capital LP purchased a new position in Exxon Mobil during the first quarter valued at $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter valued at $32,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in 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 valued at $35,000 after purchasing an additional 238 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction that occurred 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 transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Melius Research assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective on the stock. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. TD Cowen boosted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Melius assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $124.81.

Exxon Mobil Trading Down 0.1%

NYSE XOM traded down $0.10 during trading hours on Friday, hitting $112.04. 4,783,156 shares of the company were exchanged, compared to its average volume of 16,499,820. The stock has a 50-day moving average price of $110.55 and a 200 day moving average price of $109.14. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The stock has a market cap of $477.64 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57.

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 for the quarter, topping 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 company had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. During the same period in the previous year, the firm posted $2.14 earnings per share. The firm's revenue for the quarter was down 12.4% on a year-over-year basis. 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. 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.