First Trust Direct Indexing L.P. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,641 shares of the oil and gas company’s stock after selling 922 shares during the quarter. Exxon Mobil comprises about 1.0% of First Trust Direct Indexing L.P.’s portfolio, making the stock its 9th biggest position. First Trust Direct Indexing L.P.’s holdings in Exxon Mobil were worth $9,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the stock. Stone House Investment Management LLC acquired a new position in Exxon Mobil in the first quarter valued at approximately $25,000. Dark Forest Capital Management LP acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $27,000. KB Financial Partners LLC acquired a new position in Exxon Mobil in the first quarter valued at approximately $27,000. Artemis Wealth Advisors LLC acquired a new position in Exxon Mobil in the first quarter valued at approximately $36,000. Finally, Trivant Custom Portfolio Group LLC acquired a new position in Exxon Mobil in the first quarter valued at approximately $38,000. 58.53% of the stock is owned by institutional investors.
Exxon Mobil Stock Up 0.2 %
Exxon Mobil stock opened at $114.94 on Monday. The company has a market cap of $460.13 billion, a P/E ratio of 9.20, a price-to-earnings-growth 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. The company has a fifty day simple moving average of $109.82 and a 200 day simple moving average of $108.65. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.
Exxon Mobil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 29.12%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on XOM. Truist Financial cut their price objective on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, July 24th. Morgan Stanley increased their target price on shares of Exxon Mobil from $124.00 to $131.00 and gave the stock an “overweight” rating in a report on Friday. Piper Sandler cut their target price on shares of Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Redburn Partners upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and increased their target price for the stock from $100.00 to $105.00 in a report on Thursday, August 31st. Finally, Wells Fargo & Company increased their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock an “overweight” rating in a 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.74.
Get Our Latest Stock Analysis on Exxon Mobil
Insider Activity at Exxon Mobil
In related news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $3,193,780. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Jeffrey W. Ubben acquired 458,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was bought at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the transaction, the director now directly owns 1,635,000 shares in the company, valued at approximately $174,830,550. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 transaction of $172,500.00. Following the completion of the transaction, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.
Exxon Mobil Profile
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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