Pacifica Partners Inc. Cuts Stock Holdings in Exxon Mobil Corporation $XOM

Pacifica Partners Inc. decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,711 shares of the oil and gas company’s stock after selling 368 shares during the quarter. Exxon Mobil accounts for approximately 1.9% of Pacifica Partners Inc.’s portfolio, making the stock its 19th largest position. Pacifica Partners Inc.’s holdings in Exxon Mobil were worth $4,672,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Park Edge Advisors LLC boosted its stake in Exxon Mobil by 0.3% in the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock worth $3,453,000 after buying an additional 91 shares in the last quarter. Axis Wealth Partners LLC boosted its stake in Exxon Mobil by 1.9% in the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock worth $591,000 after buying an additional 93 shares in the last quarter. Gagnon Securities LLC boosted its stake in Exxon Mobil by 1.3% in the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock worth $860,000 after buying an additional 95 shares in the last quarter. Ascent Capital Management LLC boosted its stake in shares of Exxon Mobil by 2.0% during the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock valued at $584,000 after purchasing an additional 96 shares during the period. Finally, DDD Partners LLC boosted its stake in shares of Exxon Mobil by 1.4% during the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company’s stock valued at $810,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on XOM shares. Bank of America increased their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Piper Sandler increased their price objective on Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Mizuho dropped their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Melius Research started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Finally, Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an “overweight” rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $124.76.

Exxon Mobil Trading Down 0.7%

NYSE XOM opened at $112.05 on Tuesday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a market cap of $477.70 billion, a P/E ratio of 15.92, a P/E/G ratio of 2.06 and a beta of 0.57. The stock’s fifty day moving average price is $110.50 and its 200-day moving average price is $109.37. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is currently 56.25%.

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.