Wealthspire Advisors LLC Lowers Position in Exxon Mobil Corporation $XOM

Wealthspire Advisors LLC trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,153 shares of the oil and gas company’s stock after selling 3,889 shares during the period. Wealthspire Advisors LLC’s holdings in Exxon Mobil were worth $15,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of XOM. Perennial Investment Advisors LLC boosted its position in Exxon Mobil by 5.4% during the 2nd quarter. Perennial Investment Advisors LLC now owns 12,511 shares of the oil and gas company’s stock valued at $1,349,000 after acquiring an additional 645 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its stake in shares of Exxon Mobil by 9.3% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 39,818 shares of the oil and gas company’s stock worth $4,735,000 after purchasing an additional 3,375 shares during the last quarter. Bedell Frazier Investment Counselling LLC boosted its position in Exxon Mobil by 2.4% during the second quarter. Bedell Frazier Investment Counselling LLC now owns 78,203 shares of the oil and gas company’s stock valued at $8,430,000 after purchasing an additional 1,863 shares in the last quarter. Shoker Investment Counsel Inc. raised its holdings in Exxon Mobil by 1.6% in the second quarter. Shoker Investment Counsel Inc. now owns 37,789 shares of the oil and gas company’s stock worth $4,074,000 after purchasing an additional 582 shares in the last quarter. Finally, United Advisor Group LLC lifted its position in shares of Exxon Mobil by 2.3% during the second quarter. United Advisor Group LLC now owns 48,156 shares of the oil and gas company’s stock valued at $5,191,000 after buying an additional 1,088 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the 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 sale, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Up 1.1%

Exxon Mobil stock opened at $119.02 on Wednesday. The business’s 50-day simple moving average is $114.40 and its two-hundred day simple moving average is $110.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company has a market cap of $501.91 billion, a PE ratio of 16.91, a PEG ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21.

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. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion during the quarter. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a $1.03 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is currently 59.88%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XOM. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Melius began coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. 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, UBS Group upped their target price on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.67.

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.