Warwick Investment Management Inc. Sells 4,179 Shares of Exxon Mobil Corporation $XOM

Key Points

• Warwick Investment Management Inc. decreased its holdings in Exxon Mobil by 13.9% during the first quarter, owning 25,806 shares post-sale, valued at approximately $3,069,000.
• Several institutional investors have increased their stakes in Exxon Mobil, with Bank of New York Mellon raising its holdings by 3.0% to own over 45 million shares, valued at around $5.39 billion.
• Exxon Mobil reported $1.64 EPS for the last quarter, exceeding analyst estimates, but indicated a 12.4% decline in revenue year-over-year.

Warwick Investment Management Inc. reduced its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 13.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,806 shares of the oil and gas company's stock after selling 4,179 shares during the quarter. Exxon Mobil makes up approximately 0.6% of Warwick Investment Management Inc.'s investment portfolio, making the stock its 27th biggest position. Warwick Investment Management Inc.'s holdings in Exxon Mobil were worth $3,069,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in Exxon Mobil by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after acquiring an additional 1,340,343 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Exxon Mobil by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock valued at $3,850,167,000 after acquiring an additional 512,860 shares during the period. Ameriprise Financial Inc. raised its holdings 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 valued at $3,213,848,000 after acquiring an additional 2,639,797 shares during the period. Goldman Sachs Group Inc. raised its holdings in Exxon Mobil by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock valued at $3,028,968,000 after acquiring an additional 909,386 shares during the period. Finally, Nuveen LLC bought a new stake in Exxon Mobil during the first quarter valued at about $2,730,414,000. 61.80% of the stock is owned by institutional investors.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's 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 completion of the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on XOM. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Sunday. UBS Group raised their price target on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Finally, Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $125.00.

Exxon Mobil Trading Down 0.0%

XOM opened at $111.71 on Wednesday. The firm has a market cap of $476.26 billion, a P/E ratio of 15.87, a P/E/G ratio of 2.09 and a beta of 0.53. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. 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 stock has a 50-day moving average of $110.18 and a 200 day moving average of $108.92.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate 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 return on equity of 11.34% and a net margin of 9.17%.The firm's revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the business posted $2.14 earnings per share. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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

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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