Exxon Mobil Corporation $XOM Shares Sold by Soltis Investment Advisors LLC
by Danessa Lincoln · The Markets DailySoltis Investment Advisors LLC reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM – Free Report) by 52.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,615 shares of the oil and gas company’s stock after selling 35,300 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Exxon Mobil were worth $3,408,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of XOM. Nuveen LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at about $2,730,414,000. GQG Partners LLC raised its position in Exxon Mobil by 15,135.7% in the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock valued at $1,197,753,000 after purchasing an additional 10,004,975 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth $607,621,000. Ameriprise Financial Inc. grew its position in Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after purchasing an additional 2,639,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Exxon Mobil by 72.5% in the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock valued at $598,280,000 after purchasing an additional 2,332,293 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Piper Sandler set a $141.00 price target on Exxon Mobil in a research report on Tuesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Melius initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Barclays lowered their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Finally, Melius Research assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $128.50.
Get Our Latest Report on Exxon Mobil
Insider Buying and Selling
In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.03% of the company’s stock.
Exxon Mobil Trading Down 0.4%
Shares of XOM opened at $113.73 on Thursday. The firm’s 50-day moving average is $113.37 and its two-hundred day moving average is $110.16. The firm has a market capitalization of $484.86 billion, a P/E ratio of 16.15, a PEG ratio of 2.06 and a beta of 0.49. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21.
Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is currently 59.88%.
Exxon Mobil Profile
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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