Union Bancaire Privee UBP SA Reduces Holdings in Exxon Mobil Corporation $XOM

Union Bancaire Privee UBP SA reduced its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 25.1% in the third quarter, Holdings Channel reports. The institutional investor owned 20,982 shares of the oil and gas company’s stock after selling 7,020 shares during the period. Union Bancaire Privee UBP SA’s holdings in Exxon Mobil were worth $2,355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of XOM. Norges Bank bought a new position in Exxon Mobil in the 2nd quarter worth $6,163,719,000. Kingstone Capital Partners Texas LLC bought a new stake in Exxon Mobil during the second quarter valued at about $607,621,000. First Trust Advisors LP increased its position in Exxon Mobil by 150.2% in the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock worth $819,560,000 after buying an additional 4,563,707 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Exxon Mobil by 200.7% in the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after buying an additional 4,015,099 shares during the period. Finally, Laurel Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 10,809.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock valued at $333,652,000 after buying an additional 3,066,736 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $118.75, for a total transaction of $356,250.00. Following the completion of the transaction, the vice president owned 31,584 shares in the company, valued at $3,750,600. This trade represents a 8.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $117.28 on Thursday. The firm has a market cap of $494.57 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 7.24 and a beta of 0.38. The firm has a fifty day moving average price of $115.74 and a 200 day moving average price of $112.52. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $120.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business had revenue of $57.55 billion for the quarter. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XOM. Melius Research began coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Piper Sandler lifted their target price on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Morgan Stanley increased their price target on Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. Finally, Barclays decreased their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.45.

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.