Vanguard Group Inc. Sells 4,604,851 Shares of Exxon Mobil Co. (NYSE:XOM)

Vanguard Group Inc. trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 1.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 383,938,545 shares of the oil and gas company’s stock after selling 4,604,851 shares during the period. Exxon Mobil accounts for approximately 0.9% of Vanguard Group Inc.’s investment portfolio, making the stock its 12th biggest position. Vanguard Group Inc. owned 9.74% of Exxon Mobil worth $44,629,016,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new position in Exxon Mobil during the 1st quarter worth $25,000. First Pacific Financial bought a new position in Exxon Mobil during the 1st quarter worth $34,000. Partnership Wealth Management LLC bought a new position in Exxon Mobil during the 4th quarter worth $46,000. Vima LLC bought a new position in Exxon Mobil during the 4th quarter worth $50,000. Finally, Keener Financial Planning LLC bought a new position in Exxon Mobil during the 4th quarter worth $80,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $2.73 during mid-day trading on Friday, reaching $116.07. The company had a trading volume of 16,157,707 shares, compared to its average volume of 15,032,544. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market cap of $457.67 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 4.47 and a beta of 0.91. The company’s 50-day moving average price is $114.13 and its 200-day moving average price is $111.04. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the firm posted $2.83 EPS. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.27%. Exxon Mobil’s payout ratio is 46.57%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on XOM. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. UBS Group raised their target price on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Wells Fargo & Company raised their target price on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Truist Financial restated a “hold” rating and issued a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Finally, TD Cowen lifted their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.94.

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.