Exxon Mobil Co. (NYSE:XOM) Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,861 shares of the oil and gas company’s stock after selling 5,864 shares during the quarter. Exxon Mobil comprises approximately 0.5% of Belpointe Asset Management LLC’s investment portfolio, making the stock its 29th largest position. Belpointe Asset Management LLC’s holdings in Exxon Mobil were worth $9,635,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Stone House Investment Management LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at approximately $25,000. Dark Forest Capital Management LP purchased a new position in Exxon Mobil in the fourth quarter worth approximately $27,000. Corrado Advisors LLC acquired a new stake in Exxon Mobil during the fourth quarter worth $28,000. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Exxon Mobil during the 4th quarter worth $36,000. Finally, Artemis Wealth Advisors LLC acquired a new stake in shares of Exxon Mobil during the 1st quarter worth about $36,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $114.14 on Tuesday. The stock has a market capitalization of $456.92 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 0.60 and a beta of 1.08. The firm’s fifty day simple moving average is $107.67 and its 200-day simple moving average is $108.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 12 month low of $83.89 and a 12 month high of $119.92.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.06). The business had revenue of $82.91 billion for the quarter, compared to analyst estimates of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. Exxon Mobil’s quarterly revenue was down 28.3% on a year-over-year basis. During the same quarter last year, the company posted $4.14 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 8.94 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio is presently 29.12%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the transaction, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey W. Ubben acquired 458,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the acquisition, the director now directly owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on XOM shares. UBS Group lifted their price target on shares of Exxon Mobil from $135.00 to $139.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. HSBC lifted their price objective on Exxon Mobil from $110.00 to $116.00 in a research note on Wednesday, August 9th. StockNews.com started coverage on Exxon Mobil in a report on Thursday, August 17th. They set a “hold” rating for the company. Morgan Stanley boosted their price target on shares of Exxon Mobil from $121.00 to $124.00 and gave the stock an “overweight” rating in a research note on Friday, August 18th. Finally, Wolfe Research cut shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Eleven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $123.43.

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.