Exxon Mobil Corporation $XOM Position Cut by Versant Capital Management Inc

Versant Capital Management Inc reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,711 shares of the oil and gas company’s stock after selling 533 shares during the quarter. Exxon Mobil comprises 1.1% of Versant Capital Management Inc’s portfolio, making the stock its 17th largest holding. Versant Capital Management Inc’s holdings in Exxon Mobil were worth $7,515,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of XOM. Axis Wealth Partners LLC lifted its holdings in shares of Exxon Mobil by 1.9% in the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock valued at $591,000 after purchasing an additional 93 shares in the last quarter. Gagnon Securities LLC raised its holdings in shares of Exxon Mobil by 1.3% during the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock worth $860,000 after acquiring an additional 95 shares in the last quarter. Ascent Capital Management LLC raised its holdings in Exxon Mobil by 2.0% during the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock valued at $584,000 after buying an additional 96 shares in the last quarter. DDD Partners LLC raised its holdings in Exxon Mobil by 1.4% during the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company’s stock valued at $810,000 after buying an additional 96 shares in the last quarter. Finally, Waypoint Wealth Partners Inc. raised its holdings in Exxon Mobil by 2.1% during the first quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company’s stock valued at $556,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Melius began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. TD Cowen lifted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Bank of America boosted their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Morgan Stanley boosted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $124.81.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 0.1%

Shares of XOM stock opened at $112.21 on Friday. 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 firm’s 50-day moving average is $110.55 and its 200-day moving average is $109.15. The stock has a market cap of $478.38 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.05 and a beta of 0.57. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

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

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) 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.