Exxon Mobil Corporation $XOM Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 36.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 206,856 shares of the oil and gas company’s stock after selling 117,684 shares during the period. Citizens Financial Group Inc. RI’s holdings in Exxon Mobil were worth $22,299,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Eagle Capital Management LLC boosted its position in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares during the last quarter. Brucke Financial Inc. raised its stake in shares of Exxon Mobil by 2.1% during the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after purchasing an additional 142 shares in the last quarter. Mystic Asset Management Inc. increased its stake in shares of Exxon Mobil by 7.8% during the first quarter. Mystic Asset Management Inc. now owns 42,787 shares of the oil and gas company’s stock valued at $5,089,000 after acquiring an additional 3,101 shares during the period. Independent Wealth Network Inc. lifted its holdings in Exxon Mobil by 2.8% in the 1st quarter. Independent Wealth Network Inc. now owns 8,611 shares of the oil and gas company’s stock worth $1,024,000 after purchasing an additional 237 shares during the last quarter. Finally, Alexander Labrunerie & CO. Inc. lifted its stake in Exxon Mobil by 1.0% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 47,649 shares of the oil and gas company’s stock worth $5,667,000 after purchasing an additional 473 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on XOM. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Morgan Stanley increased their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Wells Fargo & Company began coverage on Exxon Mobil in a research note on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price for the company. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Finally, Melius Research began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.67.

Insider Activity

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

Exxon Mobil Stock Performance

XOM opened at $119.21 on Friday. The company has a market capitalization of $502.73 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 2.06 and a beta of 0.49. The business’s 50-day moving average price is $114.07 and its two-hundred day moving average price is $110.65. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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 company had revenue of $57.55 billion during the quarter. Equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

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.