Invesco LLC Sells 423 Shares of Exxon Mobil Co. (NYSE:XOM)

Invesco LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,808 shares of the oil and gas company’s stock after selling 423 shares during the quarter. Invesco LLC’s holdings in Exxon Mobil were worth $1,820,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of XOM. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $25,000. Anfield Capital Management LLC boosted its position in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the period. POM Investment Strategies LLC grew its stake in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the last quarter. Lynx Investment Advisory purchased a new position in shares of Exxon Mobil in the second quarter worth about $47,000. Finally, Vima LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $50,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 1.4 %

NYSE XOM opened at $111.23 on Friday. The firm has a market capitalization of $438.58 billion, a PE ratio of 13.63, a P/E/G ratio of 4.48 and a beta of 0.90. The stock’s 50 day moving average is $115.70 and its 200 day moving average is $114.94. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates 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 9.73% and a return on equity of 16.07%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.94 EPS. Research analysts forecast that Exxon Mobil Co. will post 8.37 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Sanford C. Bernstein decreased their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Truist Financial decreased their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. UBS Group boosted their price objective on shares of Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Seven 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $136.29.

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.