Vaughan Nelson Investment Management L.P. Sells 27,893 Shares of Exxon Mobil Corporation $XOM

Vaughan Nelson Investment Management L.P. lessened its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 640,000 shares of the oil and gas company’s stock after selling 27,893 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Exxon Mobil were worth $72,160,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of XOM. Marshall & Sullivan Inc. WA bought a new position in Exxon Mobil during the second quarter worth about $38,000. Bare Financial Services Inc raised its stake in Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares during the period. Clayton Financial Group LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $40,000. TruNorth Capital Management LLC boosted its stake in shares of Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 335 shares during the period. Finally, Investment Research & Advisory Group Inc. acquired a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $42,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. The trade was a 9.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

Key Headlines Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Price Performance

NYSE:XOM opened at $122.76 on Friday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $125.93. The firm has a market cap of $517.70 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 7.30 and a beta of 0.37. The firm’s 50-day simple moving average is $117.84 and its 200 day simple moving average is $113.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm had revenue of $57.55 billion during the quarter. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Analyst Ratings Changes

Several brokerages have issued reports on XOM. Piper Sandler cut their price target on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday. Bank of America cut their target price on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. UBS Group reaffirmed a “buy” rating on shares of Exxon Mobil in a report on Tuesday, December 9th. BNP Paribas raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Mizuho boosted their price objective on Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $129.71.

Check Out Our Latest Stock Analysis on Exxon Mobil

Exxon Mobil Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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