Exxon Mobil Corporation $XOM Shares Sold by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 19.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,650 shares of the oil and gas company’s stock after selling 4,600 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Exxon Mobil were worth $2,118,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil in the first quarter valued at $29,000. Elequin Capital LP purchased a new position in Exxon Mobil in the first quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 238 shares during the period. Game Plan Financial Advisors LLC boosted its stake in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 300 shares in the last quarter. Finally, 1248 Management LLC purchased a new stake in shares of Exxon Mobil during the 1st quarter worth about $40,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 2.3%

XOM stock opened at $117.19 on Friday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The firm has a market cap of $499.59 billion, a PE ratio of 16.65, a PEG ratio of 2.06 and a beta of 0.49. The firm’s 50 day moving average price is $113.45 and its 200-day moving average price is $110.27. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion during the quarter. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on XOM shares. Piper Sandler set a $141.00 price target on Exxon Mobil in a report on Tuesday, October 7th. Bank of America upped their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Monday. Barclays decreased their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Finally, Mizuho decreased their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $128.50.

Insider Activity at Exxon Mobil

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

Exxon Mobil Company 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.