Aster Capital Management DIFC Ltd Lowers Stock Holdings in Exxon Mobil Corporation $XOM

Aster Capital Management DIFC Ltd reduced its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 89.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,914 shares of the oil and gas company’s stock after selling 59,049 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Exxon Mobil were worth $780,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Norges Bank acquired a new position in Exxon Mobil during the second quarter worth $6,163,719,000. First Trust Advisors LP grew its position in shares of Exxon Mobil by 150.2% in the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after purchasing an additional 4,563,707 shares during the period. Cerity Partners LLC increased its stake in shares of Exxon Mobil by 200.7% during the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after purchasing an additional 4,015,099 shares in the last quarter. Laurel Wealth Advisors LLC increased its stake in shares of Exxon Mobil by 10,809.8% during the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after purchasing an additional 3,066,736 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Exxon Mobil by 119.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock worth $301,310,000 after purchasing an additional 1,454,308 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares in the company, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 14,230 shares of company stock valued at $1,888,421. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of several research analyst reports. Mizuho set a $140.00 price objective on Exxon Mobil in a report on Wednesday, February 4th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Zacks Research upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. UBS Group restated a “buy” rating and issued a $171.00 price objective on shares of Exxon Mobil in a report on Monday, February 2nd. Finally, Jefferies Financial Group lifted their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $140.59.

Check Out Our Latest Report on Exxon Mobil

Key Headlines Impacting Exxon Mobil

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Exxon Mobil Stock Performance

NYSE:XOM opened at $148.47 on Friday. The company’s 50-day moving average is $134.92 and its two-hundred day moving average is $121.24. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $156.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The firm has a market capitalization of $618.64 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 15.46 and a beta of 0.39.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter in the previous year, the company earned $1.67 EPS. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. Analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be given a $1.03 dividend. The ex-dividend date is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. Exxon Mobil’s payout ratio is currently 61.58%.

About Exxon Mobil

(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.

See Also

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

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