Exxon Mobil Co. (NYSE:XOM) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise decreased its holdings in Exxon Mobil Co. (NYSE:XOMFree Report) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 90,633 shares of the oil and gas company’s stock after selling 9,939 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Exxon Mobil were worth $10,657,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Axiom Financial Strategies LLC grew its stake in Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after buying an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc bought a new position in Exxon Mobil during the 1st quarter valued at $275,000. Loomis Sayles & Co. L P raised its position in Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after acquiring an additional 13,065 shares in the last quarter. Ergoteles LLC raised its holdings in shares of Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after purchasing an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at $237,000. Institutional investors own 58.53% of the company’s stock.

Exxon Mobil Stock Up 0.7 %

Shares of XOM opened at $102.25 on Wednesday. The business’s 50 day simple moving average is $100.75 and its 200-day simple moving average is $106.42. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $120.70. The company has a market capitalization of $405.21 billion, a P/E ratio of 11.50, a PEG ratio of 3.64 and a beta of 0.97. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the prior year, the business earned $3.40 earnings per share. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. As a group, sell-side analysts predict that Exxon Mobil Co. will post 9.31 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 14th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is 42.74%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group decreased their target price on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday, December 8th. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. TD Cowen upgraded shares of Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Tuesday, January 23rd. Finally, Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $127.53.

Get Our Latest Report on XOM

Insider Buying and Selling

In other news, VP Leonard M. Fox sold 12,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $102.65, for a total value of $1,231,800.00. Following the transaction, the vice president now owns 220,678 shares of the company’s stock, valued at approximately $22,652,596.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Exxon Mobil news, Director Jeffrey W. Ubben sold 2,077,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total value of $216,132,620.00. Following the sale, the director now owns 13,000 shares in the company, valued at approximately $1,352,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Leonard M. Fox sold 12,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $102.65, for a total transaction of $1,231,800.00. Following the completion of the sale, the vice president now directly owns 220,678 shares in the company, valued at approximately $22,652,596.70. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.

About Exxon Mobil

(Free Report)

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.

See Also

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

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