Monument Capital Management Sells 769 Shares of Exxon Mobil Corporation $XOM

Monument Capital Management lessened its holdings in Exxon Mobil Corporation (NYSE:XOM) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,287 shares of the oil and gas company’s stock after selling 769 shares during the quarter. Monument Capital Management’s holdings in Exxon Mobil were worth $1,756,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC purchased a new position in Exxon Mobil in the 1st quarter worth about $2,730,414,000. GQG Partners LLC grew its stake in Exxon Mobil by 15,135.7% in the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock worth $1,197,753,000 after acquiring an additional 10,004,975 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Exxon Mobil during the second quarter worth approximately $607,621,000. Ameriprise Financial Inc. raised its stake in shares of Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after acquiring an additional 2,639,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Exxon Mobil by 72.5% in the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock valued at $598,280,000 after purchasing an additional 2,332,293 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on XOM. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Thursday. Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Piper Sandler set a $141.00 price objective on Exxon Mobil in a report on Tuesday, October 7th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Finally, Melius started coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $125.95.

Exxon Mobil Price Performance

NYSE:XOM opened at $110.93 on Monday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $124.26. The stock has a market capitalization of $472.93 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average price is $111.32 and its 200-day moving average price is $109.36.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion during the quarter. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.99 dividend. 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 dividend payout ratio (DPR) is presently 56.25%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated 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 sale, the vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by insiders.

About Exxon Mobil

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.