Venture Visionary Partners LLC Reduces Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

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Venture Visionary Partners LLC decreased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 52.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,524 shares of the oil and gas company's stock after selling 121,106 shares during the period. Venture Visionary Partners LLC's holdings in Exxon Mobil were worth $13,264,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of XOM. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Exxon Mobil by 5.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,541 shares of the oil and gas company's stock worth $1,134,000 after acquiring an additional 541 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Exxon Mobil by 15.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 229,405 shares of the oil and gas company's stock worth $24,691,000 after acquiring an additional 31,279 shares in the last quarter. WPWealth LLP lifted its position in shares of Exxon Mobil by 1.1% during the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after acquiring an additional 96 shares in the last quarter. Select Asset Management & Trust lifted its position in shares of Exxon Mobil by 208.9% during the fourth quarter. Select Asset Management & Trust now owns 41,816 shares of the oil and gas company's stock worth $4,498,000 after acquiring an additional 28,278 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Exxon Mobil by 2.7% during the fourth quarter. Stifel Financial Corp now owns 3,983,984 shares of the oil and gas company's stock worth $428,558,000 after acquiring an additional 106,403 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. Wall Street Zen downgraded Exxon Mobil from a "hold" rating to a "sell" rating in a research report on Saturday. Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $125.84.

Exxon Mobil Stock Up 0.2%

Shares of NYSE:XOM opened at $106.70 on Tuesday. The stock's 50-day moving average price is $110.29 and its 200-day moving average price is $108.88. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a market capitalization of $454.89 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 2.00 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The company had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Exxon Mobil's revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.14 earnings per share. On average, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, August 15th. 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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