Exxon Mobil Co. (NYSE:XOM) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP lessened its position in Exxon Mobil Co. (NYSE:XOM) by 51.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,835 shares of the oil and gas company’s stock after selling 51,416 shares during the period. Artemis Investment Management LLP’s holdings in Exxon Mobil were worth $5,607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Kestra Advisory Services LLC raised its stake in shares of Exxon Mobil by 19.1% in the 4th quarter. Kestra Advisory Services LLC now owns 577,626 shares of the oil and gas company’s stock worth $57,751,000 after buying an additional 92,689 shares in the last quarter. Waverly Advisors LLC raised its stake in shares of Exxon Mobil by 17.0% in the 4th quarter. Waverly Advisors LLC now owns 65,941 shares of the oil and gas company’s stock worth $6,593,000 after buying an additional 9,575 shares in the last quarter. Pinnacle Holdings LLC raised its position in shares of Exxon Mobil by 62.7% during the fourth quarter. Pinnacle Holdings LLC now owns 5,756 shares of the oil and gas company’s stock worth $575,000 after purchasing an additional 2,219 shares during the period. Gibson Capital LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $264,000. Finally, Pitcairn Co. increased its stake in Exxon Mobil by 17.9% in the 4th quarter. Pitcairn Co. now owns 39,172 shares of the oil and gas company’s stock worth $3,916,000 after purchasing an additional 5,941 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on XOM shares. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Truist Financial cut their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Mizuho raised their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Barclays dropped their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.72.

Exxon Mobil Trading Up 0.0 %

Shares of NYSE XOM opened at $122.10 on Thursday. The business has a 50 day simple moving average of $116.58 and a 200 day simple moving average of $116.17. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The stock has a market cap of $481.44 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 4.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.94 EPS. On average, research analysts predict that Exxon Mobil Co. will post 8.06 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.11%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

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.