Quilter Plc Decreases Position in Exxon Mobil Corporation $XOM

Quilter Plc trimmed its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 11.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 615,285 shares of the oil and gas company’s stock after selling 79,076 shares during the quarter. Exxon Mobil comprises approximately 1.2% of Quilter Plc’s portfolio, making the stock its 29th biggest position. Quilter Plc’s holdings in Exxon Mobil were worth $69,373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Westfuller Advisors LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter valued at $30,000. Clayton Financial Group LLC acquired a new position in Exxon Mobil in the third quarter valued at $40,000. TruNorth Capital Management LLC grew its holdings in shares of Exxon Mobil by 1,595.2% during the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 335 shares during the last quarter. Bare Financial Services Inc increased its position in shares of Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 201 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil News Roundup

Here are the key news stories impacting Exxon Mobil this week:

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the sale, the vice president owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on XOM. Barclays raised their price target on Exxon Mobil from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. TD Cowen reiterated a “buy” rating on shares of Exxon Mobil in a research report on Friday, December 12th. Sanford C. Bernstein decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Finally, Piper Sandler dropped their price objective on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.84.

Check Out Our Latest Research Report on Exxon Mobil

Exxon Mobil Stock Performance

NYSE:XOM opened at $134.93 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The firm has a market cap of $569.03 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 8.62 and a beta of 0.37. The firm’s fifty day moving average price is $120.74 and its 200 day moving average price is $115.29. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $135.98.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.16. The company had revenue of $83.33 billion during the quarter, compared to the consensus estimate of $83.09 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Exxon Mobil’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.92 EPS. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a $1.03 dividend. The ex-dividend date was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. Exxon Mobil’s payout ratio is 59.88%.

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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