Conservest Capital Advisors Inc. Sells 231 Shares of Exxon Mobil Corporation $XOM

Conservest Capital Advisors Inc. decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.1% in the 2nd quarter, Holdings Channel reports. The firm owned 7,256 shares of the oil and gas company’s stock after selling 231 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in Exxon Mobil were worth $782,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in Exxon Mobil during the first quarter worth $2,730,414,000. GQG Partners LLC raised its position in shares of 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 worth $1,197,753,000 after acquiring an additional 10,004,975 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Exxon Mobil in the 2nd quarter worth about $607,621,000. Ameriprise Financial Inc. increased its holdings in Exxon Mobil by 10.8% in the first 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 in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings 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 worth $598,280,000 after purchasing an additional 2,332,293 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.4%

Shares of Exxon Mobil stock opened at $115.89 on Tuesday. The stock has a fifty day simple moving average of $112.77 and a 200 day simple moving average of $109.63. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The company has a market capitalization of $494.07 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51. 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 (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.4%. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on XOM. Piper Sandler set a $141.00 target price on Exxon Mobil in a report on Tuesday, October 7th. Mizuho lowered their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Morgan Stanley lifted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. UBS Group lifted their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Barclays decreased their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.58.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

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.