Exxon Mobil Corporation $XOM Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.8% in the second quarter, HoldingsChannel.com reports. The fund owned 3,509,802 shares of the oil and gas company’s stock after selling 62,826 shares during the period. US Bancorp DE’s holdings in Exxon Mobil were worth $378,357,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in XOM. GAMMA Investing LLC raised its position in Exxon Mobil by 20.6% during the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock worth $9,458,000 after acquiring an additional 13,582 shares during the period. Eagle Capital Management LLC grew its holdings in shares of Exxon Mobil by 15.3% during the first 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 in the last quarter. Ironwood Wealth Management LLC. purchased a new stake in shares of Exxon Mobil during the first quarter worth $200,000. Osprey Private Wealth LLC grew its holdings in shares of Exxon Mobil by 38.7% during the first quarter. Osprey Private Wealth LLC now owns 4,300 shares of the oil and gas company’s stock worth $511,000 after buying an additional 1,200 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC grew its holdings in shares of Exxon Mobil by 1.9% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 35,005 shares of the oil and gas company’s stock worth $4,163,000 after buying an additional 656 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 1.8%

NYSE XOM opened at $110.93 on Friday. The firm’s 50-day moving average is $111.32 and its two-hundred day moving average is $109.42. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $124.26. 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 has a market capitalization of $472.94 billion, a P/E ratio of 15.76, a PEG ratio of 2.00 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued its quarterly 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 for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Insider Buying and Selling at Exxon Mobil

In related 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 transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Melius Research assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Barclays dropped their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday. TD Cowen upped their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Mizuho dropped their target price 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. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $125.95.

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.