DT Investment Partners LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 3.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,867 shares of the oil and gas company’s stock after selling 865 shares during the quarter. DT Investment Partners LLC’s holdings in Exxon Mobil were worth $2,966,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. grew its position in Exxon Mobil by 16.6% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock valued at $1,140,000 after acquiring an additional 1,469 shares in the last quarter. St. Louis Trust Co increased its holdings in Exxon Mobil by 11.0% in the fourth quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company’s stock valued at $3,919,000 after buying an additional 3,507 shares during the last quarter. Triasima Portfolio Management inc. increased its holdings in Exxon Mobil by 3.5% in the first quarter. Triasima Portfolio Management inc. now owns 4,563 shares of the oil and gas company’s stock valued at $500,000 after buying an additional 153 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in Exxon Mobil by 5.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock valued at $12,963,000 after acquiring an additional 5,770 shares during the period. Finally, TIAA FSB boosted its stake in Exxon Mobil by 8.2% in the first quarter. TIAA FSB now owns 509,184 shares of the oil and gas company’s stock valued at $55,837,000 after acquiring an additional 38,760 shares during the period. Institutional investors and hedge funds own 58.59% of the company’s stock.
Insider Buying and Selling at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction of $290,275.00. Following the completion of the sale, the vice president now directly owns 29,272 shares in the company, valued at $3,398,771.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.
Exxon Mobil Trading Down 1.2 %
Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). The business had revenue of $82.91 billion during the quarter, compared to the consensus estimate of $81.80 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The company’s revenue for the quarter was down 28.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.14 earnings per share. Analysts expect that Exxon Mobil Co. will post 8.87 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Tuesday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 29.12%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on XOM. Scotiabank downgraded Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $140.00 to $135.00 in a research note on Thursday, April 13th. Mizuho reduced their price objective on Exxon Mobil from $147.00 to $130.00 in a research report on Friday, May 19th. Royal Bank of Canada reissued a “sector perform” rating and set a $125.00 target price on shares of Exxon Mobil in a report on Wednesday, July 19th. Jefferies Financial Group dropped their target price on Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. Finally, Piper Sandler dropped their target price on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $124.30.
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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