Verity & Verity LLC Sells 1,714 Shares of Exxon Mobil Corporation $XOM

Verity & Verity LLC cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 158,575 shares of the oil and gas company’s stock after selling 1,714 shares during the period. Exxon Mobil comprises 1.5% of Verity & Verity LLC’s portfolio, making the stock its 28th biggest holding. Verity & Verity LLC’s holdings in Exxon Mobil were worth $17,094,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Cornerstone Capital Inc. grew its stake in Exxon Mobil by 6.0% during the second quarter. Cornerstone Capital Inc. now owns 6,419 shares of the oil and gas company’s stock valued at $692,000 after acquiring an additional 364 shares in the last quarter. Southeast Asset Advisors LLC boosted its holdings in Exxon Mobil by 14.6% in the 2nd quarter. Southeast Asset Advisors LLC now owns 78,706 shares of the oil and gas company’s stock valued at $8,484,000 after purchasing an additional 10,001 shares during the period. Laurel Wealth Advisors LLC grew its position in shares of Exxon Mobil by 10,809.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock valued at $333,652,000 after purchasing an additional 3,066,736 shares in the last quarter. Timber Creek Capital Management LLC increased its holdings in shares of Exxon Mobil by 0.6% in the second quarter. Timber Creek Capital Management LLC now owns 61,561 shares of the oil and gas company’s stock worth $6,602,000 after purchasing an additional 375 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Exxon Mobil in the second quarter worth $1,127,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.3%

Shares of XOM opened at $115.66 on Tuesday. The firm has a market cap of $487.77 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $120.81. The stock has a 50 day simple moving average of $114.76 and a two-hundred day simple moving average of $111.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

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

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Mizuho reduced their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Wells Fargo & Company began coverage on Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 price target for the company. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Bank of America raised their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Finally, Piper Sandler lifted their target price on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.67.

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.