Exxon Mobil Corporation $XOM Holdings Decreased by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund cut its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 20.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,300 shares of the oil and gas company’s stock after selling 1,600 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Exxon Mobil were worth $679,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in XOM. Eagle Capital Management LLC grew its stake in Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the last quarter. N.E.W. Advisory Services LLC boosted its holdings in shares of Exxon Mobil by 3.2% during the first quarter. N.E.W. Advisory Services LLC now owns 3,858 shares of the oil and gas company’s stock valued at $459,000 after acquiring an additional 121 shares during the period. Harvest Fund Management Co. Ltd grew its position in shares of Exxon Mobil by 18.2% during the first quarter. Harvest Fund Management Co. Ltd now owns 1,085 shares of the oil and gas company’s stock worth $119,000 after acquiring an additional 167 shares during the last quarter. Independence Financial Advisors LLC bought a new position in shares of Exxon Mobil during the first quarter worth about $693,000. Finally, Vestcor Inc increased its holdings in shares of Exxon Mobil by 1.3% in the 1st quarter. Vestcor Inc now owns 84,210 shares of the oil and gas company’s stock worth $10,015,000 after acquiring an additional 1,070 shares during the period. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Exxon Mobil in a research note on Tuesday. Piper Sandler boosted their price objective on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Bank of America lifted their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Mizuho decreased their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Finally, Wells Fargo & Company initiated coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight 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 price target of $128.67.

Exxon Mobil Stock Performance

NYSE:XOM opened at $114.93 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $114.76 and a 200-day moving average of $111.28. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $120.81. The firm has a market cap of $484.67 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49.

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

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s payout ratio is presently 59.88%.

Exxon Mobil 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.