Exxon Mobil Corporation $XOM Shares Sold by Private Wealth Management Group LLC

Private Wealth Management Group LLC decreased its position in Exxon Mobil Corporation (NYSE:XOM) by 7.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 3,587 shares of the oil and gas company’s stock after selling 302 shares during the period. Private Wealth Management Group LLC’s holdings in Exxon Mobil were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Journey Strategic Wealth LLC lifted its holdings in shares of Exxon Mobil by 6.7% in 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 purchasing an additional 1,379 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Exxon Mobil by 52.3% in 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 purchasing an additional 131,600 shares during the last quarter. Hartford Funds Management Co LLC lifted its holdings in shares of Exxon Mobil by 51.8% in 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 purchasing an additional 2,617 shares during the last quarter. Phoenix Financial Ltd. lifted its holdings in shares of Exxon Mobil by 23.9% in the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company’s stock worth $11,561,000 after purchasing an additional 18,752 shares during the last quarter. Finally, SteelPeak Wealth LLC lifted its holdings in shares of Exxon Mobil by 24.2% in the 1st quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company’s stock worth $4,605,000 after purchasing an additional 7,543 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.4%

XOM opened at $112.20 on Monday. Exxon Mobil Corporation has a one year low of $97.80 and a one year 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 stock’s fifty day moving average is $111.83 and its 200-day moving average is $109.16. The company has a market capitalization of $478.35 billion, a PE ratio of 15.94, a P/E/G ratio of 2.01 and a beta of 0.51.

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

Exxon Mobil Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on XOM shares. Melius Research started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Mizuho cut their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Melius started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Finally, Wells Fargo & Company started coverage on Exxon Mobil in a research note on Friday. They set an “overweight” rating and a $156.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.58.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

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.