Violich Capital Management Inc. Has $4.06 Million Stock Position in Exxon Mobil Corporation $XOM

Key Points

• Violich Capital Management Inc. reduced its stake in Exxon Mobil Corporation by 9.7% in the second quarter, holding 37,650 shares valued at approximately $4.06 million after selling 4,030 shares.
• Exxon Mobil has declared a quarterly dividend of $0.99 per share, yielding 3.5%, with a payout ratio of 56.25%.
• The company's recent earnings report indicated a profit of $0.65 per share and revenue of $57.55 billion for the quarter, with a net margin of 9.17%.

Violich Capital Management Inc. reduced its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 9.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 37,650 shares of the oil and gas company's stock after selling 4,030 shares during the period. Violich Capital Management Inc.'s holdings in Exxon Mobil were worth $4,059,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of XOM. Graybill Wealth Management LTD. bought a new position in Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP bought a new position in Exxon Mobil in the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 238 shares during the period. Game Plan Financial Advisors LLC raised its holdings in Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after acquiring an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA bought a new position in Exxon Mobil in the 2nd quarter valued at about $38,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Exxon Mobil 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 value of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.68 on Tuesday. 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 $480.38 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 2.01 and a beta of 0.51. The firm's 50 day simple moving average is $111.97 and its 200 day simple moving average is $109.22. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21.

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. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a report on Tuesday, October 7th. Morgan Stanley raised their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Finally, Mizuho lowered their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $127.58.

About Exxon Mobil

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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