Breed s Hill Capital LLC Sells 563 Shares of Exxon Mobil Corporation $XOM

Breed s Hill Capital LLC cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,063 shares of the oil and gas company’s stock after selling 563 shares during the quarter. Breed s Hill Capital LLC’s holdings in Exxon Mobil were worth $654,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Calamos Advisors LLC increased its holdings in shares of Exxon Mobil by 1.9% in the second quarter. Calamos Advisors LLC now owns 1,263,658 shares of the oil and gas company’s stock valued at $136,222,000 after purchasing an additional 23,244 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Exxon Mobil by 2.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 657,961 shares of the oil and gas company’s stock worth $70,928,000 after buying an additional 18,233 shares during the last quarter. Bailard Inc. boosted its holdings in shares of Exxon Mobil by 3.3% during the 2nd quarter. Bailard Inc. now owns 47,627 shares of the oil and gas company’s stock worth $5,134,000 after buying an additional 1,539 shares during the period. Renasant Bank grew its stake in Exxon Mobil by 25.4% in the 2nd quarter. Renasant Bank now owns 11,819 shares of the oil and gas company’s stock valued at $1,274,000 after buying an additional 2,396 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Exxon Mobil by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after acquiring an additional 342,967 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 sale, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 1.4%

Shares of XOM stock opened at $118.11 on Thursday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21. The stock’s fifty day moving average price is $113.75 and its two-hundred day moving average price is $110.50. 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 company has a market cap of $498.08 billion, a PE ratio of 16.78, a P/E/G ratio of 2.06 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share 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%. Equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $1.03 dividend. 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. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is 59.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on XOM shares. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Barclays decreased their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Piper Sandler lifted their target price on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Melius Research started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Two research 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. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $128.67.

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.