Universal Beteiligungs und Servicegesellschaft mbH Sells 307,697 Shares of Exxon Mobil Corporation $XOM

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in Exxon Mobil Corporation (NYSE:XOM) by 14.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,756,492 shares of the oil and gas company’s stock after selling 307,697 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Exxon Mobil were worth $198,044,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Eagle Capital Management LLC lifted its position in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 376 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Exxon Mobil during the first quarter worth $305,000. Sivia Capital Partners LLC increased its position in shares of 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 worth $1,211,000 after purchasing an additional 207 shares in the last quarter. Golden State Equity Partners lifted its holdings in shares of Exxon Mobil by 20.8% during the 2nd quarter. Golden State Equity Partners now owns 25,481 shares of the oil and gas company’s stock valued at $2,747,000 after purchasing an additional 4,379 shares during the last quarter. Finally, Baring Financial LLC boosted its position in shares of Exxon Mobil by 14.0% in the 2nd quarter. Baring Financial LLC now owns 5,025 shares of the oil and gas company’s stock worth $542,000 after purchasing an additional 618 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 2.4%

XOM stock opened at $133.63 on Thursday. The company has a market capitalization of $563.54 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 8.28 and a beta of 0.37. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $133.73. The firm’s fifty day simple moving average is $120.12 and its 200-day simple moving average is $114.98. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.16. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $83.33 billion during the quarter, compared to the consensus estimate of $83.09 billion. During the same period in the previous year, the firm posted $1.92 earnings per share. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a $1.03 dividend. The ex-dividend date was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.1%. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on XOM shares. Piper Sandler lowered their price target on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. TD Cowen restated a “buy” rating on shares of Exxon Mobil in a research note on Friday, December 12th. Citigroup lifted their price objective on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. Finally, Barclays upped their target price on Exxon Mobil from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $132.00.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares in the company, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Company Profile

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.