Vident Advisory LLC Sells 153,170 Shares of Exxon Mobil Corporation $XOM

Key Points

• Vident Advisory LLC reduced its holdings in Exxon Mobil by 38.5% during the first quarter, selling 153,170 shares and retaining a total of 244,184 shares valued at approximately $29 million.
• Multiple institutional investors, including Nuveen LLC and GQG Partners LLC, have significantly increased their stakes in Exxon Mobil during the same period, contributing to a broader trend of heightened institutional investment in the company.
• Analysts have mixed opinions on Exxon Mobil's stock, with a current consensus rating of "Hold" and an average price target of $125.00, indicating uncertainty about future performance.

Vident Advisory LLC lowered its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 38.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 244,184 shares of the oil and gas company's stock after selling 153,170 shares during the quarter. Vident Advisory LLC's holdings in Exxon Mobil were worth $29,043,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in Exxon Mobil during the first quarter worth $2,730,414,000. GQG Partners LLC grew its position in Exxon Mobil by 15,135.7% in the 1st 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 grew its position in Exxon Mobil by 14,242.7% in the 1st 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. Ameriprise Financial Inc. increased its holdings in shares of Exxon Mobil by 10.8% during the 1st 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 period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $240,653,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM traded up $0.93 during midday trading on Friday, reaching $114.28. 14,596,397 shares of the company traded hands, compared to its average volume of 15,656,882. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. 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's 50-day simple moving average is $110.16 and its 200-day simple moving average is $109.00. The firm has a market cap of $487.21 billion, a PE ratio of 16.23, a PEG ratio of 2.13 and a beta of 0.53.

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

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil's payout ratio is 56.25%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Melius Research began coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Sunday, August 24th. Piper Sandler boosted their price objective on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Finally, UBS Group upped their target price on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $125.00.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the 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 sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by insiders.

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.