Banque Transatlantique SA Sells 13,814 Shares of Exxon Mobil Corporation $XOM

Banque Transatlantique SA trimmed its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 11.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 110,680 shares of the oil and gas company’s stock after selling 13,814 shares during the period. Banque Transatlantique SA’s holdings in Exxon Mobil were worth $12,465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westfuller Advisors LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at about $30,000. Clayton Financial Group LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth about $40,000. TruNorth Capital Management LLC lifted its position in shares of Exxon Mobil by 1,595.2% during the 3rd 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 boosted its position in shares of Exxon Mobil by 121.8% in the second 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. Finally, Halbert Hargrove Global Advisors LLC grew its stake in shares of 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 worth $42,000 after acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,150 shares of Exxon Mobil stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the sale, the vice president owned 18,204 shares in the company, valued at $2,872,955.28. The trade was a 10.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 16,380 shares of company stock worth $2,227,734. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $156.29 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $141.99 and a 200 day simple moving average of $124.59. The stock has a market capitalization of $651.20 billion, a PE ratio of 23.36, a P/E/G ratio of 1.26 and a beta of 0.35. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $159.60.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly 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. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same quarter last year, the company posted $1.67 earnings per share. Exxon Mobil’s quarterly revenue was down 1.3% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were given a $1.03 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. Exxon Mobil’s dividend payout ratio is presently 61.58%.

Exxon Mobil News Roundup

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

Analyst Upgrades and Downgrades

XOM has been the subject of several research analyst reports. Zacks Research upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, February 2nd. Piper Sandler raised their price objective on shares of Exxon Mobil from $145.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen increased their price target on shares of Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, Royal Bank Of Canada upped their price objective on Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $146.00.

Check Out Our Latest Research Report on XOM

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.

Recommended Stories

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOMFree Report).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.