Thurston Springer Miller Herd & Titak Inc. Reduces Position in Exxon Mobil Corporation $XOM

Thurston Springer Miller Herd & Titak Inc. decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 95.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,384 shares of the oil and gas company’s stock after selling 32,203 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Exxon Mobil were worth $156,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Linscomb Wealth Inc. lifted its holdings in Exxon Mobil by 1.4% in the 2nd quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after buying an additional 5,527 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Exxon Mobil by 52.3% during the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after acquiring an additional 131,600 shares during the last quarter. Capital Counsel LLC NY lifted its stake in shares of Exxon Mobil by 0.9% in the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock worth $5,356,000 after acquiring an additional 460 shares in the last quarter. OneAscent Wealth Management LLC lifted its stake in shares of Exxon Mobil by 116.7% in the second quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock worth $825,000 after acquiring an additional 4,123 shares in the last quarter. Finally, Wealth Management Associates Inc. grew its stake in Exxon Mobil by 2.7% during the 1st quarter. Wealth Management Associates Inc. now owns 26,461 shares of the oil and gas company’s stock valued at $3,147,000 after purchasing an additional 691 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on XOM shares. BNP Paribas upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Melius Research started coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. TD Cowen boosted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Jefferies Financial Group lifted their price target on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.45.

Exxon Mobil Trading Up 2.3%

NYSE XOM opened at $117.28 on Thursday. The firm’s 50 day moving average price is $115.74 and its two-hundred day moving average price is $112.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $120.81. The stock has a market cap of $494.57 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 7.24 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business 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 was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $118.75, for a total transaction of $356,250.00. Following the completion of the sale, the vice president owned 31,584 shares in the company, valued at approximately $3,750,600. This represents a 8.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is 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.