Exxon Mobil Corporation $XOM Shares Sold by VestGen Investment Management

VestGen Investment Management cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,146 shares of the oil and gas company’s stock after selling 187 shares during the quarter. VestGen Investment Management’s holdings in Exxon Mobil were worth $339,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Bank of New York Mellon Corp boosted 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 purchasing an additional 1,340,343 shares during the period. Charles Schwab Investment Management Inc. boosted 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 purchasing an additional 512,860 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of 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 buying an additional 2,639,797 shares during the period. Amundi boosted its holdings in shares of Exxon Mobil by 9.7% in the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company’s stock worth $2,966,598,000 after buying an additional 2,329,964 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Exxon Mobil by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock worth $3,028,968,000 after buying an additional 909,386 shares during the period. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

XOM has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Mizuho decreased their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Piper Sandler set a $141.00 target price on Exxon Mobil in a research report on Tuesday, October 7th. Melius assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Finally, Wells Fargo & Company assumed coverage on Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective for the company. Two investment 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’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.58.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction 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 completion of the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $115.89 on Tuesday. 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 business’s 50-day moving average price is $112.77 and its two-hundred day moving average price is $109.63. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

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. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. 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.