Barrett Asset Management LLC Sells 126 Shares of Exxon Mobil Co. (NYSE:XOM)

Barrett Asset Management LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 0.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 443,493 shares of the oil and gas company’s stock after selling 126 shares during the quarter. Exxon Mobil comprises approximately 1.5% of Barrett Asset Management LLC’s holdings, making the stock its 24th largest holding. Barrett Asset Management LLC’s holdings in Exxon Mobil were worth $36,628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. Norges Bank bought a new position in Exxon Mobil during the fourth quarter worth $3,184,424,000. GQG Partners LLC increased its position in Exxon Mobil by 59.9% during the first quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock worth $4,277,527,000 after acquiring an additional 19,403,556 shares during the period. Vanguard Group Inc. increased its position in Exxon Mobil by 2.5% during the first quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock worth $30,098,496,000 after acquiring an additional 8,825,023 shares during the period. American Century Companies Inc. increased its position in Exxon Mobil by 149.6% during the first quarter. American Century Companies Inc. now owns 6,534,097 shares of the oil and gas company’s stock worth $539,651,000 after acquiring an additional 3,915,876 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Exxon Mobil by 134.3% during the fourth quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company’s stock worth $386,314,000 after buying an additional 3,619,270 shares in the last quarter. Institutional investors own 56.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Bank of America lifted their price target on shares of Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Piper Sandler upgraded shares of Exxon Mobil from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $102.00 to $109.00 in a research note on Tuesday, July 19th. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. Citigroup lifted their price target on shares of Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, May 19th. Finally, Barclays lifted their price target on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $96.74.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, Director Jeffrey W. Ubben purchased 960,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the acquisition, the director now directly owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jeffrey W. Ubben acquired 960,000 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was purchased at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the acquisition, the director now owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by company insiders.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $96.50 on Friday. The stock has a 50-day simple moving average of $91.45 and a 200 day simple moving average of $88.92. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. Exxon Mobil Co. has a 12-month low of $52.96 and a 12-month high of $105.57. The stock has a market capitalization of $402.18 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 0.31 and a beta of 1.07.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The business had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. During the same period in the previous year, the business posted $1.10 earnings per share. The firm’s revenue for the quarter was up 70.8% compared to the same quarter last year. On average, research analysts anticipate that Exxon Mobil Co. will post 12.69 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were issued a $0.88 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio is 38.51%.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

See Also

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

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