Vanguard Group Inc. Sells 1,585,347 Shares of Exxon Mobil Corporation $XOM

Vanguard Group Inc. trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 429,473,528 shares of the oil and gas company’s stock after selling 1,585,347 shares during the quarter. Exxon Mobil accounts for 0.7% of Vanguard Group Inc.’s portfolio, making the stock its 14th biggest position. Vanguard Group Inc. owned 0.10% of Exxon Mobil worth $48,423,140,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Westfuller Advisors LLC bought a new position in shares of Exxon Mobil in the 3rd quarter worth $30,000. Clayton Financial Group LLC acquired a new position in Exxon Mobil in the third quarter valued at about $40,000. TruNorth Capital Management LLC boosted its holdings in Exxon Mobil by 1,595.2% during the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after buying an additional 335 shares during the last quarter. Bare Financial Services Inc grew its position in shares of Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares during the period. Finally, Halbert Hargrove Global Advisors LLC increased its stake in shares of Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 181 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on XOM. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Loop Capital set a $123.00 price target on shares of Exxon Mobil in a research report on Tuesday, February 3rd. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. TD Cowen lifted their target price on Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Finally, Zacks Research upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $140.59.

Insider Activity

In related news, VP Darrin L. Talley sold 3,230 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was 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 approximately $3,036,409.72. This represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 14,230 shares of company stock valued at $1,888,421 over the last 90 days. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Down 1.0%

NYSE:XOM opened at $148.47 on Monday. The stock has a 50-day simple moving average of $129.26 and a 200 day simple moving average of $118.82. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $156.93. The company has a market cap of $626.12 billion, a PE ratio of 22.19, a PEG ratio of 15.40 and a beta of 0.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15.

Exxon Mobil (NYSE:XOM) last issued 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. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $82.31 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same period last year, the business earned $1.67 EPS. The business’s quarterly revenue was down 1.3% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Exxon Mobil Profile

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.