Exxon Mobil Corporation $XOM Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC trimmed its position in Exxon Mobil Corporation (NYSE:XOM) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,794 shares of the oil and gas company’s stock after selling 123 shares during the period. Mutual Advisors LLC’s holdings in Exxon Mobil were worth $11,459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of XOM. GAMMA Investing LLC lifted its stake in shares of Exxon Mobil by 20.6% during the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock worth $9,458,000 after buying an additional 13,582 shares during the period. Eagle Capital Management LLC lifted its stake in shares of Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the period. Ironwood Wealth Management LLC. acquired a new stake in shares of Exxon Mobil during the first quarter worth $200,000. Brucke Financial Inc. lifted its stake in shares of Exxon Mobil by 2.1% during the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after buying an additional 142 shares during the period. Finally, Centennial Wealth Advisory LLC lifted its stake in shares of Exxon Mobil by 10.7% during the first quarter. Centennial Wealth Advisory LLC now owns 6,847 shares of the oil and gas company’s stock worth $815,000 after buying an additional 664 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on XOM shares. Melius started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Finally, Barclays reduced their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $127.58.

Exxon Mobil Stock Up 1.4%

XOM opened at $112.20 on Friday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company has a fifty day moving average of $111.83 and a two-hundred day moving average of $109.25. The stock has a market capitalization of $478.35 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.99 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion during the quarter. On average, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

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.