Solitude Financial Services Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

Solitude Financial Services trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,385 shares of the oil and gas company’s stock after selling 205 shares during the period. Exxon Mobil makes up about 0.9% of Solitude Financial Services’ holdings, making the stock its 22nd biggest position. Solitude Financial Services’ holdings in Exxon Mobil were worth $1,543,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Exxon Mobil by 1.9% during the 1st quarter. FMR LLC now owns 144,949,334 shares of the oil and gas company’s stock worth $15,895,144,000 after buying an additional 2,680,850 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after buying an additional 123,254,064 shares during the last quarter. Geode Capital Management LLC raised its stake in Exxon Mobil by 0.7% in the 1st quarter. Geode Capital Management LLC now owns 73,871,122 shares of the oil and gas company’s stock valued at $8,084,883,000 after purchasing an additional 520,794 shares during the last quarter. Morgan Stanley raised its stake in Exxon Mobil by 11.9% in the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after purchasing an additional 5,566,797 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Exxon Mobil by 16.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company’s stock valued at $5,218,954,000 after purchasing an additional 6,580,247 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares in the company, valued at $3,193,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the transaction, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey W. Ubben purchased 458,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was acquired at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the acquisition, the director now directly owns 1,635,000 shares in the company, valued at approximately $174,830,550. The disclosure for this purchase can be found here. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Truist Financial cut their target price on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, July 24th. Wolfe Research cut Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. UBS Group lifted their price target on Exxon Mobil from $135.00 to $139.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Redburn Partners upgraded Exxon Mobil from a “sell” rating to a “neutral” rating and lifted their price target for the company from $100.00 to $105.00 in a report on Thursday, August 31st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Wednesday, July 19th. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.43.

Exxon Mobil Stock Performance

Shares of XOM opened at $118.52 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The firm has a market cap of $474.46 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 0.61 and a beta of 1.08. Exxon Mobil Co. has a 52-week low of $83.89 and a 52-week high of $119.92. The business’s 50 day moving average is $108.07 and its two-hundred day moving average is $108.40.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). The company had revenue of $82.91 billion for the quarter, compared to the consensus estimate of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. Exxon Mobil’s quarterly revenue was down 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.14 earnings per share. Analysts forecast that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were paid a $0.91 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.07%. Exxon Mobil’s payout ratio is 29.12%.

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.