Exxon Mobil Corporation $XOM Shares Sold by AlTi Global Inc.

AlTi Global Inc. trimmed its position in Exxon Mobil Corporation (NYSE:XOM) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 962,818 shares of the oil and gas company’s stock after selling 62,695 shares during the quarter. Exxon Mobil accounts for 3.0% of AlTi Global Inc.’s holdings, making the stock its 8th largest holding. AlTi Global Inc.’s holdings in Exxon Mobil were worth $114,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nuveen LLC acquired a new position in shares of Exxon Mobil during the first quarter worth $2,730,414,000. GQG Partners LLC grew its position in shares of Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock valued at $1,197,753,000 after acquiring an additional 10,004,975 shares during the period. GAMMA Investing LLC grew its position in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after acquiring an additional 9,391,614 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Exxon Mobil by 10.8% during the 1st 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 buying an additional 2,639,797 shares in the last quarter. Finally, Amundi lifted its stake in Exxon Mobil by 9.7% in the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company’s stock worth $2,966,598,000 after purchasing an additional 2,329,964 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.4%

Shares of XOM stock opened at $114.71 on Wednesday. The stock’s fifty day moving average is $110.34 and its two-hundred day moving average is $109.09. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a market capitalization of $489.04 billion, a P/E ratio of 16.29, a PEG ratio of 2.13 and a beta of 0.57. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. During the same quarter in the previous year, the company posted $2.14 EPS. The company’s revenue was down 12.4% compared to the same quarter last year. Research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is 56.25%.

Analysts Set New Price Targets

Several equities analysts recently commented on XOM shares. UBS Group increased their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Morgan Stanley lifted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. TD Cowen upped their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Finally, Melius Research started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $125.00.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by company 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.