Woodward Diversified Capital LLC Reduces Holdings in Exxon Mobil Corporation $XOM

Key Points

• Woodward Diversified Capital LLC reduced its holdings in Exxon Mobil by 4.1%, now owning 61,622 shares valued at approximately $6.64 million.
• Several institutional investors increased their positions in Exxon Mobil, with notable increases including 52.3% from Jones Financial Companies and 51.8% from Hartford Funds Management.
• Exxon Mobil declared a quarterly dividend of $0.99 per share, resulting in a 3.5% yield for investors.

Woodward Diversified Capital LLC cut its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,622 shares of the oil and gas company's stock after selling 2,620 shares during the quarter. Exxon Mobil makes up approximately 3.4% of Woodward Diversified Capital LLC's investment portfolio, making the stock its 4th largest holding. Woodward Diversified Capital LLC's holdings in Exxon Mobil were worth $6,643,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Journey Strategic Wealth LLC boosted its position in shares of Exxon Mobil by 6.7% in the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after purchasing an additional 1,379 shares in the last quarter. Jones Financial Companies Lllp increased its position in Exxon Mobil by 52.3% during the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock valued at $45,149,000 after buying an additional 131,600 shares in the last quarter. Legacy Trust raised its stake in Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after buying an additional 997 shares during the last quarter. Hartford Funds Management Co LLC boosted its holdings in Exxon Mobil by 51.8% in the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after acquiring an additional 2,617 shares in the last quarter. Finally, Phoenix Financial Ltd. boosted its holdings in Exxon Mobil by 23.9% in the first quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock worth $11,561,000 after acquiring an additional 18,752 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company'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 value of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Piper Sandler upped their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Mizuho lowered their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Melius Research initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of "Hold" and a consensus price target of $125.00.

Exxon Mobil Stock Up 1.8%

NYSE:XOM opened at $113.25 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company's fifty day moving average price is $111.15 and its 200-day moving average price is $109.56. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The firm has a market capitalization of $482.81 billion, a P/E ratio of 16.09, a PEG ratio of 2.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion for 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%. The firm's revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.14 earnings per share. As a group, equities research analysts anticipate 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 was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 15th. 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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