Shell Asset Management Co. Has $2.16 Million Stock Holdings in Exxon Mobil Corporation $XOM

Shell Asset Management Co. lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 74.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 19,176 shares of the oil and gas company’s stock after selling 55,733 shares during the quarter. Shell Asset Management Co.’s holdings in Exxon Mobil were worth $2,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in XOM. Westfuller Advisors LLC acquired a new stake in Exxon Mobil in the third quarter valued at $30,000. Bare Financial Services Inc raised its holdings in Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 201 shares during the period. Clayton Financial Group LLC bought a new stake in Exxon Mobil during the third quarter valued at $40,000. TruNorth Capital Management LLC boosted its stake in Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after buying an additional 335 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC lifted its position in Exxon Mobil by 95.8% in the third 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. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on XOM shares. Piper Sandler decreased their target price on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. UBS Group reissued a “buy” rating and issued a $171.00 target price on shares of Exxon Mobil in a report on Monday, February 2nd. Barclays raised their target price on shares of Exxon Mobil from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Morgan Stanley dropped their target price on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Finally, Jefferies Financial Group raised their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $140.59.

Exxon Mobil Trading Down 1.0%

NYSE XOM opened at $148.47 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The firm has a market cap of $626.12 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 15.44 and a beta of 0.39. The company has a 50 day moving average price of $129.26 and a 200 day moving average price of $118.77. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $156.93.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $82.31 billion during the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. Exxon Mobil’s payout ratio is currently 61.58%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president directly owned 23,584 shares in the company, valued at approximately $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 14,230 shares of company stock valued at $1,888,421. 0.03% of the stock is currently owned by corporate insiders.

About Exxon Mobil

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.