Global Strategic Investment Solutions LLC Sells 481 Shares of Exxon Mobil Corporation $XOM

Global Strategic Investment Solutions LLC cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 7.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,998 shares of the oil and gas company’s stock after selling 481 shares during the quarter. Global Strategic Investment Solutions LLC’s holdings in Exxon Mobil were worth $647,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Journey Strategic Wealth LLC raised its holdings in Exxon Mobil by 6.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock worth $2,608,000 after buying an additional 1,379 shares during the period. Jones Financial Companies Lllp raised its holdings in Exxon Mobil by 52.3% during the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after buying an additional 131,600 shares during the period. Legacy Trust raised its holdings in Exxon Mobil by 12.7% during the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock worth $1,054,000 after buying an additional 997 shares during the period. Hartford Funds Management Co LLC raised its holdings in Exxon Mobil by 51.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock worth $912,000 after buying an additional 2,617 shares during the period. Finally, Phoenix Financial Ltd. raised its holdings in shares of Exxon Mobil by 23.9% in the first quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company’s stock valued at $11,561,000 after purchasing an additional 18,752 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.0%

XOM stock opened at $114.19 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a fifty day moving average price of $111.23 and a two-hundred day moving average price of $109.50. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $124.26. The stock has a market cap of $486.82 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.08 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. During the same period in the previous year, the business posted $2.14 earnings per share. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s payout ratio is 56.25%.

Analyst Ratings Changes

A number of research firms have recently issued reports on XOM. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. Morgan Stanley lifted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Mizuho lowered their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. TD Cowen lifted their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Finally, UBS Group raised their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $124.75.

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.