Exxon Mobil Corporation $XOM Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 72.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,260,718 shares of the oil and gas company’s stock after selling 3,395,441 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Exxon Mobil were worth $151,715,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Eagle Capital Management LLC grew its stake in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the last quarter. Caxton Associates LLP acquired a new stake in Exxon Mobil during the first quarter valued at approximately $305,000. Sivia Capital Partners LLC lifted its stake in Exxon Mobil by 1.9% during the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after purchasing an additional 207 shares during the last quarter. United Bank boosted its holdings in Exxon Mobil by 2.8% during the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after buying an additional 600 shares in the last quarter. Finally, Schnieders Capital Management LLC. boosted its holdings in Exxon Mobil by 17.4% during the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after buying an additional 5,443 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

XOM stock opened at $165.22 on Wednesday. The firm has a 50 day simple moving average of $147.09 and a 200 day simple moving average of $127.07. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $167.48. The stock has a market cap of $688.42 billion, a P/E ratio of 24.70, a P/E/G ratio of 1.26 and a beta of 0.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were paid a $1.03 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. Exxon Mobil’s dividend payout ratio is 61.58%.

Insider Activity

In related news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares in the company, valued at approximately $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 11,460 shares of company stock worth $1,687,854 in the last ninety days. 0.03% of the stock is currently owned by company insiders.

Trending Headlines about Exxon Mobil

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Wall Street Analyst Weigh In

Several research firms have issued reports on XOM. Piper Sandler upped their price target on Exxon Mobil from $145.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. TD Cowen raised their price objective on Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Mizuho lifted their target price on Exxon Mobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. HSBC boosted their target price on Exxon Mobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research report on Friday, March 20th. Finally, Jefferies Financial Group upped their target price on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and an average target price of $148.89.

Read Our Latest Stock Report on XOM

Exxon Mobil 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.

Further Reading

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

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