Exxon Mobil Co. (NYSE:XOM) Shares Sold by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 176,192 shares of the oil and gas company’s stock after selling 7,998 shares during the quarter. Exxon Mobil accounts for approximately 0.9% of Metropolitan Life Insurance Co NY’s holdings, making the stock its 16th largest holding. Metropolitan Life Insurance Co NY’s holdings in Exxon Mobil were worth $18,897,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XOM. Davis R M Inc. lifted its holdings in shares of Exxon Mobil by 2.6% during the second quarter. Davis R M Inc. now owns 344,552 shares of the oil and gas company’s stock worth $36,953,000 after purchasing an additional 8,657 shares during the period. Gateway Advisory LLC raised its position in Exxon Mobil by 7.6% during the second quarter. Gateway Advisory LLC now owns 31,893 shares of the oil and gas company’s stock valued at $3,421,000 after acquiring an additional 2,250 shares in the last quarter. Payden & Rygel raised its position in Exxon Mobil by 1.8% during the second quarter. Payden & Rygel now owns 331,850 shares of the oil and gas company’s stock valued at $35,591,000 after acquiring an additional 5,900 shares in the last quarter. Moran Wealth Management LLC raised its position in Exxon Mobil by 0.9% during the second quarter. Moran Wealth Management LLC now owns 333,267 shares of the oil and gas company’s stock valued at $35,743,000 after acquiring an additional 2,981 shares in the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. raised its position in Exxon Mobil by 29.8% during the second quarter. Strategic Family Wealth Counselors L.L.C. now owns 4,339 shares of the oil and gas company’s stock valued at $465,000 after acquiring an additional 997 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey W. Ubben bought 250,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $105.97 per share, for a total transaction of $26,492,500.00. Following the purchase, the director now owns 2,077,000 shares in the company, valued at approximately $220,099,690. The disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $106.11 on Monday. The stock’s fifty day moving average is $110.60 and its two-hundred day moving average is $108.06. The firm has a market capitalization of $420.51 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 3.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.08 and a current ratio of 1.42. Exxon Mobil Co. has a fifty-two week low of $98.02 and a fifty-two week high of $120.70.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $2.27 earnings per share for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.09). Exxon Mobil had a return on equity of 20.72% and a net margin of 11.56%. The company had revenue of $90.76 billion for the quarter, compared to analyst estimates of $93.41 billion. During the same period last year, the firm posted $4.45 EPS. The business’s quarterly revenue was down 19.0% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Co. will post 9.3 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Tuesday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.91. Exxon Mobil’s dividend payout ratio is 37.74%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, September 22nd. Sanford C. Bernstein assumed coverage on Exxon Mobil in a research report on Tuesday, October 17th. They issued an “outperform” rating and a $140.00 price objective for the company. Redburn Partners upgraded Exxon Mobil from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $100.00 to $105.00 in a research report on Thursday, August 31st. Truist Financial upgraded Exxon Mobil from a “hold” rating to a “buy” rating and boosted their price objective for the company from $110.00 to $131.00 in a research report on Thursday, October 12th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Thursday, October 12th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $129.25.

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.