Yousif Capital Management LLC Sells 40,216 Shares of Exxon Mobil Corporation $XOM

Yousif Capital Management LLC cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 623,031 shares of the oil and gas company’s stock after selling 40,216 shares during the quarter. Exxon Mobil makes up 0.7% of Yousif Capital Management LLC’s portfolio, making the stock its 12th largest position. Yousif Capital Management LLC’s holdings in Exxon Mobil were worth $70,247,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of XOM. Ridgecrest Wealth Partners LLC grew its stake in Exxon Mobil by 1.0% in the third quarter. Ridgecrest Wealth Partners LLC now owns 17,241 shares of the oil and gas company’s stock valued at $1,944,000 after purchasing an additional 172 shares in the last quarter. Trust Co. of Vermont raised its position in Exxon Mobil by 14.1% during the third quarter. Trust Co. of Vermont now owns 127,861 shares of the oil and gas company’s stock worth $14,416,000 after acquiring an additional 15,803 shares in the last quarter. Cultivar Capital Inc. grew its position in shares of Exxon Mobil by 1.4% in the 3rd quarter. Cultivar Capital Inc. now owns 11,186 shares of the oil and gas company’s stock valued at $1,261,000 after acquiring an additional 150 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Exxon Mobil by 26.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 135,513 shares of the oil and gas company’s stock worth $15,279,000 after purchasing an additional 28,090 shares during the last quarter. Finally, Parcion Private Wealth LLC raised its holdings in shares of Exxon Mobil by 24.7% in the 3rd quarter. Parcion Private Wealth LLC now owns 9,581 shares of the oil and gas company’s stock valued at $1,080,000 after purchasing an additional 1,898 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.0%

XOM opened at $119.39 on Friday. The stock has a fifty day moving average of $116.52 and a 200-day moving average of $113.09. The company has a market capitalization of $503.49 billion, a P/E ratio of 17.35, a P/E/G ratio of 7.49 and a beta of 0.38. 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 released 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. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were given 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 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Insider Activity

In related news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, the vice president directly owned 28,584 shares in the company, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on XOM shares. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price objective for the company in a research report on Monday, December 8th. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. BNP Paribas upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Mizuho increased their price objective on shares of Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, UBS Group restated a “buy” rating on shares of Exxon Mobil in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.45.

Exxon Mobil 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.