FRG Family Wealth Advisors LLC Boosts Holdings in Exxon Mobil Corporation $XOM

FRG Family Wealth Advisors LLC raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 11,545 shares of the oil and gas company’s stock after acquiring an additional 470 shares during the period. FRG Family Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,245,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Journey Strategic Wealth LLC grew its holdings in shares of Exxon Mobil by 6.7% in the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock valued at $2,608,000 after purchasing an additional 1,379 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of 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 valued at $45,149,000 after buying an additional 131,600 shares in 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 valued at $912,000 after acquiring an additional 2,617 shares during the last quarter. Phoenix Financial Ltd. grew its position in 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 worth $11,561,000 after acquiring an additional 18,752 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its stake in Exxon Mobil by 24.2% during the first quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company’s stock worth $4,605,000 after acquiring an additional 7,543 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.6%

Shares of NYSE XOM opened at $114.57 on Friday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21. The firm has a market capitalization of $488.45 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.06 and a beta of 0.51. The stock has a 50 day moving average price of $113.19 and a 200 day moving average price of $109.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Morgan Stanley lifted their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Mizuho reduced their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. UBS Group lifted their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $127.00.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,158 shares of the business’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 in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.