Wilmington Savings Fund Society FSB Has $39.11 Million Stock Position in Exxon Mobil Corporation $XOM

Wilmington Savings Fund Society FSB trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 362,783 shares of the oil and gas company’s stock after selling 19,012 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Exxon Mobil were worth $39,108,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of XOM. GAMMA Investing LLC increased its position in Exxon Mobil by 20.6% in the 1st quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock worth $9,458,000 after purchasing an additional 13,582 shares during the last quarter. Eagle Capital Management LLC increased its position in Exxon Mobil by 15.3% in the 1st 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. Ironwood Wealth Management LLC. acquired a new position in Exxon Mobil in the 1st quarter worth about $200,000. Brucke Financial Inc. increased its position in Exxon Mobil by 2.1% in the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after purchasing an additional 142 shares during the last quarter. Finally, Mezzasalma Advisors LLC increased its position in Exxon Mobil by 5.1% in the 1st quarter. Mezzasalma Advisors LLC now owns 29,119 shares of the oil and gas company’s stock worth $3,463,000 after purchasing an additional 1,422 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $110.71 on Friday. The business has a 50 day moving average price of $111.72 and a 200 day moving average price of $109.30. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The company has a market cap of $471.98 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 2.01 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion during the quarter. Research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Morgan Stanley increased their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Mizuho lowered their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Finally, Piper Sandler set a $141.00 price objective on Exxon Mobil in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.05.

About Exxon Mobil

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.