Allied Investment Advisors LLC decreased its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,553 shares of the oil and gas company’s stock after selling 2,941 shares during the quarter. Exxon Mobil makes up about 3.6% of Allied Investment Advisors LLC’s holdings, making the stock its 4th biggest position. Allied Investment Advisors LLC’s holdings in Exxon Mobil were worth $10,153,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Exxon Mobil by 2.5% in the first quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock valued at $30,098,496,000 after purchasing an additional 8,825,023 shares in the last quarter. State Street Corp lifted its holdings in shares of Exxon Mobil by 0.4% during the 4th quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock valued at $15,494,002,000 after buying an additional 1,128,974 shares during the last quarter. Norges Bank acquired a new position in Exxon Mobil in the fourth quarter worth approximately $3,184,424,000. GQG Partners LLC raised its position in Exxon Mobil by 59.9% during the first quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock valued at $4,277,527,000 after acquiring an additional 19,403,556 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Exxon Mobil by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after acquiring an additional 560,517 shares during the last quarter. 56.84% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now owns 27,863 shares in the company, valued at approximately $2,635,839.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Jeffrey W. Ubben bought 960,000 shares of the company’s stock in a transaction dated Thursday, August 4th. The stock was bought at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the transaction, the director now directly owns 1,137,000 shares in the company, valued at approximately $100,635,870. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The disclosure for this sale can be found here. 0.04% of the stock is owned by corporate insiders.
Exxon Mobil Stock Down 0.4 %
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.74 by $0.40. The firm had revenue of $115.68 billion for the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company’s quarterly revenue was up 70.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 12.67 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.89%. Exxon Mobil’s dividend payout ratio (DPR) is presently 38.51%.
Analysts Set New Price Targets
Several brokerages have recently commented on XOM. Truist Financial dropped their price target on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research note on Tuesday, July 19th. Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Bank of America boosted their target price on Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Barclays lifted their price target on shares of Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Finally, Morgan Stanley upped their price objective on shares of Exxon Mobil from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, September 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $96.69.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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