Austin Asset Management Co Inc Sells 209 Shares of Exxon Mobil Corporation $XOM

Austin Asset Management Co Inc reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,123 shares of the oil and gas company’s stock after selling 209 shares during the period. Austin Asset Management Co Inc’s holdings in Exxon Mobil were worth $444,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System lifted its holdings in Exxon Mobil by 2.1% during the 2nd quarter. Maryland State Retirement & Pension System now owns 210,319 shares of the oil and gas company’s stock valued at $22,672,000 after purchasing an additional 4,368 shares during the last quarter. First Merchants Corp increased its position in Exxon Mobil by 63.5% in the 2nd quarter. First Merchants Corp now owns 58,006 shares of the oil and gas company’s stock valued at $6,253,000 after acquiring an additional 22,531 shares in the last quarter. Eagle Strategies LLC increased its position in Exxon Mobil by 0.8% in the 2nd quarter. Eagle Strategies LLC now owns 12,422 shares of the oil and gas company’s stock valued at $1,339,000 after acquiring an additional 95 shares in the last quarter. Clear Creek Financial Management LLC increased its position in Exxon Mobil by 17.5% in the 2nd quarter. Clear Creek Financial Management LLC now owns 13,807 shares of the oil and gas company’s stock valued at $1,488,000 after acquiring an additional 2,053 shares in the last quarter. Finally, Narwhal Capital Management increased its position in Exxon Mobil by 0.5% in the 2nd quarter. Narwhal Capital Management now owns 91,759 shares of the oil and gas company’s stock valued at $9,892,000 after acquiring an additional 497 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on XOM. Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a research report on Tuesday. 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 objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $125.95.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 1.8%

Shares of NYSE XOM opened at $110.93 on Friday. The stock has a market cap of $472.94 billion, a P/E ratio of 15.76, a P/E/G ratio of 2.04 and a beta of 0.51. The firm has a 50 day moving average price of $111.32 and a 200 day moving average price of $109.48. 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 Corporation has a 52-week low of $97.80 and a 52-week high of $124.26.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. 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.