Epic Trust Investment Advisors LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 15.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,422 shares of the oil and gas company’s stock after selling 975 shares during the period. Epic Trust Investment Advisors LLC’s holdings in Exxon Mobil were worth $582,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Triasima Portfolio Management inc. raised its stake in Exxon Mobil by 3.5% during the first quarter. Triasima Portfolio Management inc. now owns 4,563 shares of the oil and gas company’s stock worth $500,000 after buying an additional 153 shares during the last quarter. TIAA FSB increased its holdings 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 worth $55,837,000 after purchasing an additional 38,760 shares in the last quarter. Horizons Wealth Management increased its holdings in Exxon Mobil by 214.6% in the second quarter. Horizons Wealth Management now owns 453 shares of the oil and gas company’s stock worth $49,000 after purchasing an additional 309 shares in the last quarter. Nvest Financial LLC increased its holdings in Exxon Mobil by 5.6% in the first quarter. Nvest Financial LLC now owns 3,651 shares of the oil and gas company’s stock worth $400,000 after purchasing an additional 194 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its holdings in Exxon Mobil by 4.9% in the first quarter. Newbridge Financial Services Group Inc. now owns 21,302 shares of the oil and gas company’s stock worth $2,336,000 after purchasing an additional 1,003 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey W. Ubben bought 458,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were acquired 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 of the company’s stock, valued at $174,830,550. The disclosure for this purchase can be found here. Company insiders own 0.06% of the company’s stock.
Exxon Mobil Trading Down 1.7 %
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings results 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 company had revenue of $82.91 billion for 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%. Exxon Mobil’s quarterly revenue was down 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.14 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 9.25 EPS for the current year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders 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 3.40%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio is currently 29.12%.
Wall Street Analysts Forecast Growth
XOM has been the subject of a number of research analyst reports. Bank of America lifted their target price on Exxon Mobil from $145.00 to $150.00 in a report on Wednesday, September 27th. Morgan Stanley lifted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Truist Financial decreased their price target on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, July 24th. Mizuho restated a “buy” rating and set a $139.00 price objective on shares of Exxon Mobil in a report on Monday, September 25th. Finally, Wells Fargo & Company boosted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, September 22nd. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.48.
View Our Latest Analysis on XOM
Exxon Mobil Company 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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