Exxon Mobil Corporation $XOM Holdings Lowered by Parallel Advisors LLC

Parallel Advisors LLC reduced its holdings in Exxon Mobil Corporation (NYSE:XOM) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,542 shares of the oil and gas company’s stock after selling 5,737 shares during the quarter. Parallel Advisors LLC’s holdings in Exxon Mobil were worth $6,850,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. Nuveen LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $2,730,414,000. GQG Partners LLC increased its position in shares of Exxon Mobil by 15,135.7% in the first 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. GAMMA Investing LLC grew its position in Exxon Mobil by 14,242.7% during the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after purchasing an additional 9,391,614 shares in the last quarter. Ameriprise Financial Inc. grew its position in Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after purchasing an additional 2,639,797 shares in the last quarter. Finally, Amundi grew its position in Exxon Mobil by 9.7% during the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company’s stock valued at $2,966,598,000 after purchasing an additional 2,329,964 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’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 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Melius assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler boosted their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Bank of America boosted their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Finally, Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $124.81.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $112.21 on Monday. The firm has a fifty day simple moving average of $110.55 and a 200-day simple moving average of $109.14. 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 Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a market capitalization of $478.38 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.05 and a beta of 0.57.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. During the same period in the previous year, the company earned $2.14 earnings per share. Exxon Mobil’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared 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 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) 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.