Erste Asset Management GmbH Cuts Holdings in Exxon Mobil Corporation $XOM

Erste Asset Management GmbH lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 45.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,200 shares of the oil and gas company’s stock after selling 24,682 shares during the period. Erste Asset Management GmbH’s holdings in Exxon Mobil were worth $3,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Ipsen Advisor Group LLC grew its holdings in Exxon Mobil by 1.6% during the 3rd quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock worth $637,000 after acquiring an additional 88 shares in the last quarter. Nexus Investment Management ULC lifted its position in shares of Exxon Mobil by 1.6% during the 3rd quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock worth $653,000 after purchasing an additional 89 shares during the last quarter. Sagace Wealth Management LLC grew its stake in shares of Exxon Mobil by 2.7% during the third quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after purchasing an additional 90 shares in the last quarter. Creative Capital Management Investments LLC increased its holdings in Exxon Mobil by 2.5% in the third quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock valued at $417,000 after buying an additional 91 shares during the last quarter. Finally, Capstone Wealth Management LLC raised its stake in Exxon Mobil by 3.8% in the third quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock valued at $285,000 after buying an additional 92 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 2.7%

Shares of NYSE:XOM opened at $152.55 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 stock has a market cap of $635.62 billion, a P/E ratio of 22.80, a P/E/G ratio of 15.82 and a beta of 0.39. The firm has a fifty day moving average price of $135.64 and a 200 day moving average price of $121.67.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The business’s revenue was down 1.3% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 61.58%.

Analyst Ratings Changes

Several research firms have recently issued reports on XOM. UBS Group reaffirmed a “buy” rating and set a $171.00 price objective on shares of Exxon Mobil in a research report on Monday, February 2nd. Zacks Research raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Piper Sandler reduced their price objective on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $155.00 target price on shares of Exxon Mobil in a research report on Wednesday, February 4th. 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 stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $140.59.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, the vice president owned 23,584 shares in the company, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 14,230 shares of company stock valued at $1,888,421. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.