Securian Asset Management Inc. Lowers Stock Position in Exxon Mobil Corporation $XOM

Securian Asset Management Inc. trimmed its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,890 shares of the oil and gas company’s stock after selling 19,449 shares during the quarter. Exxon Mobil makes up about 0.6% of Securian Asset Management Inc.’s holdings, making the stock its 23rd biggest position. Securian Asset Management Inc.’s holdings in Exxon Mobil were worth $23,214,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Linscomb Wealth Inc. boosted its holdings in Exxon Mobil by 1.4% in the 2nd quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock valued at $42,017,000 after purchasing an additional 5,527 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Exxon Mobil by 52.3% in the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock valued at $45,149,000 after buying an additional 131,600 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in Exxon Mobil by 3.3% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock worth $34,576,000 after acquiring an additional 9,831 shares during the period. Capital Counsel LLC NY grew its holdings in Exxon Mobil by 0.9% during the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock worth $5,356,000 after acquiring an additional 460 shares during the period. Finally, OneAscent Wealth Management LLC raised its position in Exxon Mobil by 116.7% in the second quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock worth $825,000 after acquiring an additional 4,123 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on XOM shares. Morgan Stanley upped their price target on shares of Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. Zacks Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. BNP Paribas raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Piper Sandler decreased their price target on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $129.71.

Read Our Latest Report on XOM

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the sale, the vice president owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Up 1.4%

Shares of NYSE XOM opened at $124.60 on Friday. The firm’s 50-day moving average is $118.05 and its two-hundred day moving average is $113.87. The company has a market capitalization of $525.44 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 7.57 and a beta of 0.37. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $125.93. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business had revenue of $57.55 billion during the quarter. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.3%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. Exxon Mobil’s payout ratio is presently 59.88%.

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Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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

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