Exxon Mobil Corporation $XOM Shares Sold by Waldron Private Wealth LLC

Waldron Private Wealth LLC reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,227 shares of the oil and gas company’s stock after selling 466 shares during the quarter. Waldron Private Wealth LLC’s holdings in Exxon Mobil were worth $3,151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP purchased a new position in shares of Exxon Mobil in the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares during the period. Game Plan Financial Advisors LLC boosted its stake in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Mizuho decreased their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Piper Sandler set a $141.00 target price on Exxon Mobil in a research note on Tuesday, October 7th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Bank of America boosted their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Finally, Wells Fargo & Company assumed coverage on Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.58.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $115.39 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The stock has a 50 day moving average of $112.58 and a two-hundred day moving average of $109.56. The stock has a market cap of $491.94 billion, a P/E ratio of 16.39, a P/E/G ratio of 2.05 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued 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 return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion during the quarter. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders 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 dividend yield of 3.4%. Exxon Mobil’s payout ratio is presently 56.25%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction that occurred 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 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil 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.