Acropolis Investment Management LLC Sells 5,703 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Sep 24th, 2023

Acropolis Investment Management LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 16.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,321 shares of the oil and gas company’s stock after selling 5,703 shares during the period. Acropolis Investment Management LLC’s holdings in Exxon Mobil were worth $3,037,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in XOM. Stone House Investment Management LLC bought a new stake in Exxon Mobil during the 1st quarter worth approximately $25,000. Dark Forest Capital Management LP purchased a new stake in Exxon Mobil during the 4th quarter valued at approximately $27,000. KB Financial Partners LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at approximately $27,000. Artemis Wealth Advisors LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at approximately $36,000. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at approximately $38,000. Institutional investors own 58.53% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, Director Jeffrey W. Ubben bought 458,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were bought at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the purchase, the director now directly owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Jeffrey W. Ubben bought 458,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were bought at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the purchase, the director now directly owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the transaction, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent research reports. HSBC raised their target price on shares of Exxon Mobil from $110.00 to $116.00 in a report on Wednesday, August 9th. Redburn Partners raised shares of Exxon Mobil from a “sell” rating to a “neutral” rating and raised their target price for the company from $100.00 to $105.00 in a report on Thursday, August 31st. Truist Financial cut their target price on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating for the company in a report on Monday, July 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Thursday. Finally, Wells Fargo & Company raised their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.74.

Read Our Latest Report on XOM

Exxon Mobil Stock Performance

XOM stock opened at $114.94 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The business has a 50-day moving average price of $109.82 and a 200 day moving average price of $108.67. The company has a market capitalization of $460.13 billion, a P/E ratio of 9.20, a PEG ratio of 0.60 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.

Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.06). The firm had revenue of $82.91 billion during the quarter, compared to the consensus estimate of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The business’s revenue was down 28.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.14 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a $0.91 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.17%. Exxon Mobil’s payout ratio is currently 29.12%.

Exxon Mobil 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.