Trivium Point Advisory LLC Sells 261 Shares of Exxon Mobil Corporation (NYSE:XOM)

Trivium Point Advisory LLC trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.8% during the first quarter, Holdings Channel.com reports. The fund owned 33,583 shares of the oil and gas company’s stock after selling 261 shares during the quarter. Trivium Point Advisory LLC’s holdings in Exxon Mobil were worth $3,994,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Northern Trust Corp raised its position in shares of Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after buying an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Exxon Mobil by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock valued at $5,390,318,000 after buying an additional 1,340,343 shares in the last quarter. Capital Research Global Investors raised its position in shares of Exxon Mobil by 3.9% in the 4th quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company’s stock valued at $3,739,465,000 after buying an additional 1,293,111 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Exxon Mobil by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock valued at $3,850,167,000 after buying an additional 512,860 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Exxon Mobil by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock valued at $3,028,968,000 after buying an additional 909,386 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on XOM. Piper Sandler boosted their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Finally, Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an “overweight” rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $125.26.

Exxon Mobil Stock Up 1.3%

Shares of NYSE XOM opened at $107.53 on Thursday. The company has a market capitalization of $458.43 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company’s 50 day moving average price is $110.09 and its 200-day moving average price is $108.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.14 EPS. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. Exxon Mobil’s payout ratio is currently 56.25%.

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.