Slow Capital Inc. Sells 255 Shares of Exxon Mobil Co. (NYSE:XOM)

Slow Capital Inc. reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,490 shares of the oil and gas company’s stock after selling 255 shares during the period. Slow Capital Inc.’s holdings in Exxon Mobil were worth $1,092,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. Carmel Capital Partners LLC lifted its position in shares of Exxon Mobil by 1.0% during the first quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock worth $1,022,000 after acquiring an additional 86 shares in the last quarter. PFS Partners LLC increased its holdings in shares of Exxon Mobil by 0.5% in the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock worth $2,190,000 after buying an additional 89 shares during the period. Bay Rivers Group lifted its position in Exxon Mobil by 2.5% in the first quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock valued at $436,000 after purchasing an additional 90 shares during the last quarter. WPWealth LLP boosted its position in Exxon Mobil by 1.0% during the 1st quarter. WPWealth LLP now owns 8,701 shares of the oil and gas company’s stock valued at $1,011,000 after buying an additional 90 shares during the period. Finally, Gilbert & Cook Inc. boosted its holdings in shares of Exxon Mobil by 0.4% during the first quarter. Gilbert & Cook Inc. now owns 25,564 shares of the oil and gas company’s stock worth $2,972,000 after purchasing an additional 91 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Exxon Mobil stock traded up $1.59 during midday trading on Friday, reaching $116.32. 10,381,431 shares of the stock traded hands, compared to its average volume of 17,064,939. The stock has a market cap of $458.65 billion, a P/E ratio of 14.25, a PEG ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock’s fifty day moving average is $115.14 and its 200-day moving average is $113.78. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.94 EPS. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Truist Financial dropped their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Mizuho boosted their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. HSBC increased their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Finally, Sanford C. Bernstein lowered their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $134.56.

About Exxon Mobil

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.