Exxon Mobil Co. (NYSE:XOM) Shares Sold by Threadgill Financial LLC

Threadgill Financial LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 72.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,047 shares of the oil and gas company’s stock after selling 26,297 shares during the period. Exxon Mobil makes up 2.6% of Threadgill Financial LLC’s holdings, making the stock its 10th biggest holding. Threadgill Financial LLC’s holdings in Exxon Mobil were worth $824,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in XOM. State Street Corp grew its holdings in Exxon Mobil by 0.4% during the 4th quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock worth $15,494,002,000 after acquiring an additional 1,128,974 shares in the last quarter. Geode Capital Management LLC grew its holdings in Exxon Mobil by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock worth $4,322,078,000 after acquiring an additional 3,441,825 shares in the last quarter. Norges Bank acquired a new position in Exxon Mobil during the 4th quarter worth approximately $3,184,424,000. GQG Partners LLC grew its holdings in Exxon Mobil by 21.8% during the 4th quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock worth $1,982,114,000 after acquiring an additional 5,807,202 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Exxon Mobil by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,619,880 shares of the oil and gas company’s stock worth $1,873,632,000 after acquiring an additional 164,733 shares in the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.

XOM has been the subject of several research analyst reports. Credit Suisse Group upgraded shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and upped their target price for the company from $115.00 to $125.00 in a report on Tuesday. MKM Partners upped their target price on shares of Exxon Mobil from $81.00 to $84.00 and gave the company a “buy” rating in a report on Monday, March 7th. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and upped their target price for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $100.00 target price on shares of Exxon Mobil in a report on Tuesday, March 29th. Finally, The Goldman Sachs Group upped their target price on shares of Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a report on Wednesday, June 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and an average price target of $89.24.

In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the transaction, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the transaction, the vice president now owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.

Shares of Exxon Mobil stock opened at $87.86 on Thursday. The company has a market cap of $370.11 billion, a P/E ratio of 14.57, a PEG ratio of 0.35 and a beta of 1.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. Exxon Mobil Co. has a one year low of $52.10 and a one year high of $105.57. The firm has a fifty day moving average of $91.53 and a two-hundred day moving average of $80.64.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The firm had revenue of $90.50 billion for the quarter, compared to analysts’ expectations of $83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The firm’s quarterly revenue was up 53.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 10.26 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were issued a $0.88 dividend. The ex-dividend date was Thursday, May 12th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.01%. Exxon Mobil’s dividend payout ratio is presently 58.37%.

About Exxon Mobil (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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