Rhumbline Advisers Sells 227,087 Shares of Exxon Mobil Corporation $XOM

Rhumbline Advisers lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 3.0% during the second quarter, HoldingsChannel.com reports. The firm owned 7,417,069 shares of the oil and gas company’s stock after selling 227,087 shares during the period. Exxon Mobil makes up about 0.7% of Rhumbline Advisers’ holdings, making the stock its 17th biggest holding. Rhumbline Advisers’ holdings in Exxon Mobil were worth $799,560,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Linscomb Wealth Inc. increased its stake in Exxon Mobil by 1.4% in the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock valued at $42,017,000 after purchasing an additional 5,527 shares in the last quarter. Jones Financial Companies Lllp increased its position in Exxon Mobil by 52.3% in the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock valued at $45,149,000 after buying an additional 131,600 shares in the last quarter. OneAscent Wealth Management LLC increased its position in Exxon Mobil by 116.7% in the 2nd quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock valued at $825,000 after buying an additional 4,123 shares in the last quarter. Phoenix Financial Ltd. raised its stake in Exxon Mobil by 23.9% during the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company’s stock worth $11,561,000 after buying an additional 18,752 shares during the period. Finally, Wealth Management Associates Inc. boosted its holdings in Exxon Mobil by 2.7% in the first quarter. Wealth Management Associates Inc. now owns 26,461 shares of the oil and gas company’s stock worth $3,147,000 after acquiring an additional 691 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Piper Sandler increased their target price on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. UBS Group raised their price objective on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Mizuho reduced their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Bank of America upped their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Exxon Mobil in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $128.67.

Exxon Mobil Trading Up 0.1%

NYSE:XOM opened at $117.08 on Friday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm’s 50 day moving average is $114.69 and its 200 day moving average is $111.04. The stock has a market capitalization of $493.75 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49.

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

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a $1.03 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.12 annualized dividend and a yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is 59.88%.

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.