Silicon Hills Wealth Management LLC Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Silicon Hills Wealth Management LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,109 shares of the oil and gas company’s stock after selling 385 shares during the quarter. Silicon Hills Wealth Management LLC’s holdings in Exxon Mobil were worth $452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC lifted its stake in Exxon Mobil by 38.2% in the 1st quarter. First Eagle Investment Management LLC now owns 27,551,706 shares of the oil and gas company’s stock worth $1,046,138,000 after purchasing an additional 7,611,498 shares in the last quarter. State Street Corp increased its holdings in shares of Exxon Mobil by 2.1% in the 1st quarter. State Street Corp now owns 206,504,078 shares of the oil and gas company’s stock worth $7,840,960,000 after buying an additional 4,222,270 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Exxon Mobil by 18.9% in the 1st quarter. Franklin Resources Inc. now owns 25,832,354 shares of the oil and gas company’s stock worth $980,847,000 after buying an additional 4,097,287 shares during the last quarter. Morgan Stanley increased its holdings in shares of Exxon Mobil by 18.6% in the 1st quarter. Morgan Stanley now owns 20,533,386 shares of the oil and gas company’s stock worth $779,653,000 after buying an additional 3,223,089 shares during the last quarter. Finally, RWWM Inc. increased its holdings in shares of Exxon Mobil by 26,527.1% in the 1st quarter. RWWM Inc. now owns 3,044,279 shares of the oil and gas company’s stock worth $115,591,000 after buying an additional 3,032,846 shares during the last quarter. Institutional investors own 52.16% of the company’s stock.

Shares of XOM opened at $42.08 on Friday. The company has a 50 day moving average price of $44.44 and a 200-day moving average price of $48.35. Exxon Mobil Co. has a fifty-two week low of $30.11 and a fifty-two week high of $75.66. The stock has a market capitalization of $177.04 billion, a PE ratio of 15.76 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.78.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The business had revenue of $32.61 billion during the quarter, compared to analysts’ expectations of $38.16 billion. During the same period in the previous year, the company posted $0.61 EPS. Exxon Mobil’s revenue for the quarter was down 52.8% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Co. will post -0.38 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 8.27%. Exxon Mobil’s payout ratio is 154.67%.

Several equities analysts recently commented on XOM shares. Redburn Partners upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $51.00 price target on shares of Exxon Mobil in a report on Tuesday, June 9th. Cfra downgraded shares of Exxon Mobil from a “hold” rating to a “sell” rating and upped their price target for the company from $41.00 to $43.00 in a report on Thursday, April 30th. Credit Suisse Group upped their price target on shares of Exxon Mobil from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Piper Sandler upped their price target on shares of Exxon Mobil from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Five analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $53.17.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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