Van Hulzen Asset Management LLC Decreases Holdings in Exxon Mobil Corporation $XOM

Key Points

• Van Hulzen Asset Management LLC has decreased its stake in Exxon Mobil by 18.1%, now holding 128,407 shares valued at approximately $15.3 million.
• Several institutional investors made significant changes to their positions in Exxon Mobil, with GQG Partners LLC increasing their stake by a staggering 15,135.7%.
• Exxon Mobil's recent earnings report revealed $1.64 EPS, surpassing expectations, but the company's revenue dropped 12.4% year-over-year.

Van Hulzen Asset Management LLC trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 18.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,407 shares of the oil and gas company's stock after selling 28,447 shares during the period. Exxon Mobil accounts for 1.4% of Van Hulzen Asset Management LLC's holdings, making the stock its 17th biggest position. Van Hulzen Asset Management LLC's holdings in Exxon Mobil were worth $15,271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Nuveen LLC purchased a new position in shares of Exxon Mobil in the first quarter worth about $2,730,414,000. GQG Partners LLC increased its position in Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock worth $1,197,753,000 after purchasing an additional 10,004,975 shares during the last quarter. GAMMA Investing LLC increased its position in Exxon Mobil by 14,242.7% during the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after purchasing an additional 9,391,614 shares during the last quarter. Northern Trust Corp increased its position in Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after purchasing an additional 2,639,797 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on XOM. Wall Street Zen cut shares of Exxon Mobil from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Melius began 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. Piper Sandler lifted their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Morgan Stanley lifted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Exxon Mobil has an average rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Stock Performance

Shares of XOM opened at $108.9850 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a market capitalization of $464.63 billion, a P/E ratio of 15.48, a P/E/G ratio of 2.03 and a beta of 0.53. The company's fifty day moving average is $110.26 and its two-hundred day moving average is $108.88. 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 announced 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 net margin of 9.17% and a return on equity of 11.34%. 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 company posted $2.14 EPS. Exxon Mobil's revenue was down 12.4% compared to the same quarter last year. On average, sell-side 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 declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil's dividend payout ratio 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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