Exxon Mobil Corporation $XOM Shares Sold by Banque Transatlantique SA

by · The Cerbat Gem

Banque Transatlantique SA decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM – Free Report) by 4.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 124,494 shares of the oil and gas company’s stock after selling 5,852 shares during the period. Banque Transatlantique SA’s holdings in Exxon Mobil were worth $13,510,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Eagle Capital Management LLC boosted its position in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares during the period. Vestmark Advisory Solutions Inc. raised its holdings in Exxon Mobil by 126.0% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 31,428 shares of the oil and gas company’s stock worth $3,738,000 after buying an additional 17,520 shares during the period. Cookson Peirce & Co. Inc. lifted its stake in Exxon Mobil by 48.0% during the first quarter. Cookson Peirce & Co. Inc. now owns 2,949 shares of the oil and gas company’s stock valued at $351,000 after buying an additional 957 shares in the last quarter. Providence Capital Advisors LLC acquired a new position in shares of Exxon Mobil in the first quarter worth about $231,000. Finally, Horizon Investments LLC increased its position in shares of Exxon Mobil by 8.3% in the first quarter. Horizon Investments LLC now owns 54,581 shares of the oil and gas company’s stock worth $6,491,000 after acquiring an additional 4,165 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on XOM shares. Bank of America reduced their price target on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday. Barclays reduced their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Melius Research started coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Morgan Stanley increased their price objective on Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.24.

Check Out Our Latest Stock Analysis on Exxon Mobil

Exxon Mobil Trading Down 0.6%

NYSE:XOM opened at $118.77 on Friday. The company has a market capitalization of $500.88 billion, a P/E ratio of 17.26, a P/E/G ratio of 1.50 and a beta of 0.38. The stock’s 50 day moving average price is $115.60 and its 200 day moving average price is $112.16. 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 Corporation has a 52 week low of $97.80 and a 52 week high of $120.81.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $57.55 billion during the quarter. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

About Exxon Mobil

(Free Report)

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.

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