Lincoln Capital LLC Sells 2,241 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by on Jul 19th, 2023

Lincoln Capital LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 22.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,787 shares of the oil and gas company’s stock after selling 2,241 shares during the quarter. Lincoln Capital LLC’s holdings in Exxon Mobil were worth $854,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of XOM. Moneta Group Investment Advisors LLC increased its position in shares of Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after purchasing an additional 123,254,064 shares during the last quarter. Norges Bank bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $5,226,390,000. Morgan Stanley increased its position in shares of Exxon Mobil by 11.9% during the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after purchasing an additional 5,566,797 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Exxon Mobil by 272.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,606,938 shares of the oil and gas company’s stock valued at $287,545,000 after purchasing an additional 1,906,940 shares during the last quarter. Finally, CI Private Wealth LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $209,464,000. Institutional investors own 58.59% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the transaction, the vice president now directly owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research analyst reports. Royal Bank of Canada downgraded Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price objective on the stock. in a research report on Thursday, June 1st. StockNews.com initiated coverage on Exxon Mobil in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Piper Sandler cut their price objective on Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Morgan Stanley cut their price objective on Exxon Mobil from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Scotiabank downgraded Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $140.00 to $135.00 in a research report on Thursday, April 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Hold” and an average target price of $124.66.

Exxon Mobil Trading Down 0.5 %

Shares of NYSE XOM opened at $100.87 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10. The stock has a market capitalization of $407.82 billion, a P/E ratio of 6.83, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. Exxon Mobil Co. has a 1-year low of $83.89 and a 1-year high of $119.92. The business has a fifty day moving average price of $105.14 and a 200 day moving average price of $109.41.

Exxon Mobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.18. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The company had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. During the same period in the prior year, the company posted $2.07 EPS. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Co. will post 9.45 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.61%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s dividend payout ratio is currently 24.64%.

Exxon Mobil Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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