Vaughan Nelson Investment Management L.P. Sells 48,258 Shares of Exxon Mobil Corporation $XOM

Vaughan Nelson Investment Management L.P. trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.7% during the 2nd quarter, Holdings Channel reports. The fund owned 667,893 shares of the oil and gas company’s stock after selling 48,258 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Exxon Mobil were worth $71,999,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Nuveen LLC bought a new position in shares of Exxon Mobil in the 1st quarter worth $2,730,414,000. GQG Partners LLC raised its holdings in 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 purchasing an additional 10,004,975 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Exxon Mobil in the second quarter worth about $607,621,000. Ameriprise Financial Inc. lifted its position in shares of 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 buying an additional 2,639,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Exxon Mobil by 72.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock valued at $598,280,000 after buying an additional 2,332,293 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other 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 sale, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

NYSE XOM opened at $113.25 on Monday. The company has a market cap of $482.81 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.06 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock’s fifty day moving average price is $111.15 and its 200 day moving average price is $109.48. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.14 EPS. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Analyst Upgrades and Downgrades

Several research firms recently commented on XOM. Piper Sandler boosted their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. UBS Group upped their price target on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Melius began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $125.00.

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.