Lyell Wealth Management LP Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Lyell Wealth Management LP lowered its position in Exxon Mobil Co. (NYSE:XOM) by 35.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,164 shares of the oil and gas company’s stock after selling 2,877 shares during the period. Lyell Wealth Management LP’s holdings in Exxon Mobil were worth $231,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of XOM. State Street Corp lifted 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 valued at $7,840,960,000 after acquiring an additional 4,222,270 shares during the last quarter. Geode Capital Management LLC boosted its stake in Exxon Mobil by 1.4% in the first quarter. Geode Capital Management LLC now owns 62,862,809 shares of the oil and gas company’s stock valued at $2,383,010,000 after acquiring an additional 893,003 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Exxon Mobil by 38.2% during the first 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 buying an additional 7,611,498 shares during the period. Franklin Resources Inc. lifted its stake in shares of Exxon Mobil by 18.9% during the first 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 period. Finally, Legal & General Group Plc lifted its stake in shares of Exxon Mobil by 0.9% during the first quarter. Legal & General Group Plc now owns 25,667,782 shares of the oil and gas company’s stock worth $975,483,000 after buying an additional 239,471 shares during the period. 52.16% of the stock is owned by institutional investors.

Exxon Mobil stock traded up $0.21 during mid-day trading on Friday, hitting $42.08. The stock had a trading volume of 32,123,002 shares, compared to its average volume of 18,976,564. The company has a current ratio of 0.78, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. Exxon Mobil Co. has a 12 month low of $30.11 and a 12 month 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 stock has a 50-day simple moving average of $44.44 and a two-hundred day simple moving average of $48.35.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $32.61 billion for the quarter, compared to analyst estimates of $38.16 billion. During the same period last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was down 52.8% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post -0.38 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.87 per share. The ex-dividend date is Wednesday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 8.27%. Exxon Mobil’s dividend payout ratio (DPR) is currently 154.67%.

XOM has been the subject of several recent research reports. BNP Paribas raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating in a report on Wednesday, May 13th. Wells Fargo & Co boosted their price target on shares of Exxon Mobil from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Cfra lowered shares of Exxon Mobil from a “hold” rating to a “sell” rating and boosted their target price for the company from $41.00 to $43.00 in a report on Thursday, April 30th. Piper Sandler boosted their target price 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. Finally, UBS Group boosted their price target on shares of Exxon Mobil from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Five research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target 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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