Granite Group Advisors LLC Sells 92 Shares of Exxon Mobil Corporation $XOM

Granite Group Advisors LLC cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,266 shares of the oil and gas company’s stock after selling 92 shares during the quarter. Granite Group Advisors LLC’s holdings in Exxon Mobil were worth $352,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its position 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 valued at $9,458,000 after purchasing an additional 13,582 shares in the last quarter. Eagle Capital Management LLC grew its position 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 valued at $337,000 after purchasing an additional 376 shares in the last quarter. Ironwood Wealth Management LLC. purchased a new position in shares of Exxon Mobil during the first quarter valued at about $200,000. Brucke Financial Inc. grew its position 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 valued at $808,000 after purchasing an additional 142 shares in the last quarter. Finally, Centennial Wealth Advisory LLC grew its position 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 valued at $815,000 after purchasing an additional 664 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 1.4%

XOM opened at $112.20 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a market cap of $478.35 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.99 and a beta of 0.51. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The stock has a 50-day moving average of $111.83 and a 200 day moving average of $109.25.

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

Exxon Mobil Announces Dividend

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

Analyst Ratings Changes

XOM has been the subject of a number of research analyst reports. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Bank of America raised their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. UBS Group raised their price objective on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Monday. Barclays dropped their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Finally, Piper Sandler set a $141.00 price target on Exxon Mobil in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $127.58.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated 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 sale, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.

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.