Kidder Stephen W Trims Stock Position in Exxon Mobil Corporation $XOM

Kidder Stephen W reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 21,382 shares of the oil and gas company’s stock after selling 400 shares during the quarter. Kidder Stephen W’s holdings in Exxon Mobil were worth $2,305,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in XOM. GAMMA Investing LLC increased its position in Exxon Mobil by 20.6% during the 1st quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock valued at $9,458,000 after purchasing an additional 13,582 shares during the period. Eagle Capital Management LLC grew its position in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the period. Ironwood Wealth Management LLC. bought a new position in shares of Exxon Mobil in the 1st quarter worth about $200,000. Davis Investment Partners LLC increased its stake in shares of Exxon Mobil by 16.8% in the 1st quarter. Davis Investment Partners LLC now owns 34,527 shares of the oil and gas company’s stock worth $4,106,000 after acquiring an additional 4,967 shares in the last quarter. Finally, Yarger Wealth Strategies LLC boosted its stake in Exxon Mobil by 35.1% during the first quarter. Yarger Wealth Strategies LLC now owns 3,704 shares of the oil and gas company’s stock worth $441,000 after acquiring an additional 962 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 1.8%

Shares of Exxon Mobil stock opened at $110.93 on Friday. 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 stock has a market capitalization of $472.94 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.04 and a beta of 0.51. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $124.26. The company has a 50-day simple moving average of $111.32 and a two-hundred day simple moving average of $109.48.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business 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%. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s payout ratio is presently 56.25%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business’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 transaction of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

XOM has been the topic of several research reports. Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a research note on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday. TD Cowen boosted their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Melius Research initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $125.95.

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.