Van Strum & Towne Inc. Sells 2,888 Shares of Exxon Mobil Corporation $XOM

Key Points

• Van Strum & Towne Inc. reduced its stake in Exxon Mobil by 5.9%, selling 2,888 shares, and now holds 45,706 shares valued at approximately $4.93 million.
• Several institutional investors, including Nuveen LLC and GQG Partners LLC, have significantly increased their positions in Exxon Mobil, indicating strong institutional interest in the stock.
• Exxon Mobil's stock currently has a price target consensus of $126.05 among analysts, with ratings ranging from "Strong Buy" to "Hold."

Van Strum & Towne Inc. trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,706 shares of the oil and gas company's stock after selling 2,888 shares during the period. Exxon Mobil comprises about 1.6% of Van Strum & Towne Inc.'s portfolio, making the stock its 23rd largest position. Van Strum & Towne Inc.'s holdings in Exxon Mobil were worth $4,927,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Nuveen LLC bought a new position in Exxon Mobil during the 1st quarter worth about $2,730,414,000. GQG Partners LLC lifted its position in shares of 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 valued at $1,197,753,000 after buying an additional 10,004,975 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Exxon Mobil during the second quarter valued at about $607,621,000. Ameriprise Financial Inc. lifted its position in shares of 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 valued at $3,213,848,000 after buying an additional 2,639,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Exxon Mobil by 72.5% during the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company's stock valued at $598,280,000 after buying an additional 2,332,293 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Bank of America increased their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 7th. UBS Group increased their price objective on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a research report on Monday. Finally, Morgan Stanley increased their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average price target of $126.05.

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.

Exxon Mobil Stock Performance

XOM opened at $112.11 on Tuesday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $124.26. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $477.97 billion, a PE ratio of 15.93, a P/E/G ratio of 2.00 and a beta of 0.51. The firm has a 50 day moving average of $111.42 and a two-hundred day moving average of $109.32.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion during the quarter. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed 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 (DPR) is presently 56.25%.

Exxon Mobil Company 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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