Exxon Mobil Corporation $XOM Shares Sold by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 20.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,300 shares of the oil and gas company’s stock after selling 1,600 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Exxon Mobil were worth $679,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in XOM. Axis Wealth Partners LLC boosted its stake in shares of Exxon Mobil by 1.8% during the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after purchasing an additional 90 shares during the last quarter. Park Edge Advisors LLC lifted its stake in shares of Exxon Mobil by 0.3% during the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after buying an additional 91 shares during the period. Willow Creek Wealth Management Inc. boosted its position in Exxon Mobil by 3.6% during the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock worth $285,000 after acquiring an additional 91 shares during the last quarter. Chapin Davis Inc. grew its stake in Exxon Mobil by 2.1% in the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock worth $497,000 after acquiring an additional 93 shares during the period. Finally, Cascade Investment Group Inc. raised its holdings in Exxon Mobil by 2.1% in the 2nd quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock valued at $476,000 after acquiring an additional 93 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on XOM shares. Wells Fargo & Company initiated coverage on Exxon Mobil in a research note on Friday, October 17th. They issued an “overweight” rating and a $156.00 price target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Exxon Mobil in a report on Tuesday. Melius assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Mizuho dropped their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Finally, UBS Group increased their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.67.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $114.93 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $120.81. The stock’s 50 day moving average price is $114.76 and its 200 day moving average price is $111.28. The firm has a market capitalization of $484.67 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.03 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil’s payout ratio is currently 59.88%.

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.