Exxon Mobil Corporation $XOM Shares Sold by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,998 shares of the oil and gas company’s stock after selling 300 shares during the period. Villere ST Denis J & Co. LLC’s holdings in Exxon Mobil were worth $862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Axis Wealth Partners LLC increased its holdings in Exxon Mobil by 1.8% in the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock valued at $545,000 after purchasing an additional 90 shares during the last quarter. Park Edge Advisors LLC increased its holdings in Exxon Mobil by 0.3% in the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after purchasing an additional 91 shares during the last quarter. Willow Creek Wealth Management Inc. increased its holdings in Exxon Mobil by 3.6% in the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 91 shares during the last quarter. Chapin Davis Inc. increased its holdings in Exxon Mobil by 2.1% in the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock valued at $497,000 after purchasing an additional 93 shares during the last quarter. Finally, Cascade Investment Group Inc. boosted its position in Exxon Mobil by 2.1% in the 2nd quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock valued at $476,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $112.11 on Tuesday. The company has a fifty day simple moving average of $111.42 and a 200-day simple moving average of $109.32. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $124.26. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a market cap of $477.97 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last announced its quarterly 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 9.17% and a return on equity of 11.34%. The firm had revenue of $57.55 billion for the quarter. Equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent research reports. TD Cowen raised their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Morgan Stanley raised their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a research report on Tuesday, October 7th. Finally, Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.05.

About Exxon Mobil

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.