Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Certuity LLC

Certuity LLC reduced its stake in Exxon Mobil Corporation (NYSE:XOM) by 0.7% during the 1st quarter, Holdings Channel reports. The fund owned 102,395 shares of the oil and gas company’s stock after selling 754 shares during the quarter. Exxon Mobil makes up approximately 1.3% of Certuity LLC’s investment portfolio, making the stock its 20th biggest position. Certuity LLC’s holdings in Exxon Mobil were worth $12,176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of XOM. Nuveen LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at $2,730,414,000. GQG Partners LLC raised its stake in shares of Exxon Mobil by 15,135.7% in the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock valued at $1,197,753,000 after acquiring an additional 10,004,975 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after acquiring an additional 9,391,614 shares in the last quarter. Northern Trust Corp raised its stake in shares of Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after acquiring an additional 2,998,892 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $240,653,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 1.3%

Shares of NYSE XOM opened at $107.53 on Thursday. The stock has a market cap of $458.43 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The business has a 50-day moving average price of $110.09 and a 200 day moving average price of $108.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter last year, the company posted $2.14 earnings per share. The business’s revenue was down 12.4% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Analysts Set New Price Targets

XOM has been the topic of a number of analyst reports. Barclays restated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Morgan Stanley raised their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, Piper Sandler raised their price target on Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of “Hold” and a consensus price target of $125.26.

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.