Aster Capital Management DIFC Ltd Cuts Position in Exxon Mobil Corporation $XOM

Aster Capital Management DIFC Ltd trimmed its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 89.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,914 shares of the oil and gas company’s stock after selling 59,049 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Exxon Mobil were worth $780,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in XOM. Eagle Capital Management LLC grew its holdings in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at $305,000. Sivia Capital Partners LLC boosted its position in shares of Exxon Mobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after purchasing an additional 207 shares in the last quarter. Castellan Group grew its stake in Exxon Mobil by 2.9% during the 2nd quarter. Castellan Group now owns 26,470 shares of the oil and gas company’s stock worth $2,853,000 after buying an additional 740 shares during the last quarter. Finally, United Bank grew its stake in Exxon Mobil by 2.8% during the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after buying an additional 600 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil News Roundup

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

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Wells Fargo & Company cut their price objective on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Citigroup increased their price objective on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. BNP Paribas Exane downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 target price on the stock. in a research report on Tuesday, February 3rd. Finally, TD Cowen upped their price target on shares of Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $140.59.

Get Our Latest Report on Exxon Mobil

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 3,230 shares of Exxon Mobil stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $149.18, for a total transaction of $481,851.40. Following the completion of the transaction, the vice president directly owned 20,354 shares of the company’s stock, valued at $3,036,409.72. The trade was a 13.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 14,230 shares of company stock valued at $1,888,421. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.4%

NYSE XOM opened at $148.47 on Friday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $156.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The company has a market capitalization of $618.64 billion, a PE ratio of 22.19, a P/E/G ratio of 15.46 and a beta of 0.39. The company has a fifty day moving average of $134.92 and a 200 day moving average of $121.24.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. The company had revenue of $80.04 billion for 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 firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm earned $1.67 EPS. Research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

About Exxon Mobil

(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.

See Also

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

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