Exxon Mobil Corporation $XOM Position Reduced by Voya Investment Management LLC

Voya Investment Management LLC trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.2% during the first quarter, HoldingsChannel reports. The fund owned 1,948,653 shares of the oil and gas company’s stock after selling 44,575 shares during the quarter. Voya Investment Management LLC’s holdings in Exxon Mobil were worth $231,753,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Axis Wealth Partners LLC boosted its stake in Exxon Mobil by 1.9% during the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock valued at $591,000 after acquiring an additional 93 shares during the last quarter. Gagnon Securities LLC boosted its stake in Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock valued at $860,000 after acquiring an additional 95 shares during the last quarter. Ascent Capital Management LLC boosted its stake in Exxon Mobil by 2.0% during the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock valued at $584,000 after acquiring an additional 96 shares during the last quarter. DDD Partners LLC boosted its stake in Exxon Mobil by 1.4% during the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company’s stock valued at $810,000 after acquiring an additional 96 shares during the last quarter. Finally, Waypoint Wealth Partners Inc. boosted its stake in Exxon Mobil by 2.1% during the 1st quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company’s stock valued at $556,000 after acquiring an additional 96 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Melius assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Finally, UBS Group raised their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. One investment 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’s stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Hold” and a consensus target price of $124.81.

Exxon Mobil Trading Down 0.2%

Shares of NYSE:XOM opened at $112.26 on Friday. The company has a market cap of $478.59 billion, a PE ratio of 15.95, a P/E/G ratio of 2.06 and a beta of 0.57. The company’s 50-day moving average price is $110.55 and its 200 day moving average price is $109.14. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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. The firm had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Exxon Mobil’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period last year, the firm posted $2.14 EPS. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’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 transaction, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.