Broderick Brian C Reduces Stock Holdings in Exxon Mobil Corporation $XOM

Broderick Brian C reduced its holdings in Exxon Mobil Corporation (NYSE:XOM) by 0.2% during the 2nd quarter, Holdings Channel reports. The fund owned 49,478 shares of the oil and gas company’s stock after selling 105 shares during the period. Broderick Brian C’s holdings in Exxon Mobil were worth $5,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Axis Wealth Partners LLC lifted its stake in shares of Exxon Mobil by 1.8% in the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock valued at $545,000 after purchasing an additional 90 shares during the period. Park Edge Advisors LLC lifted its stake in shares of Exxon Mobil by 0.3% in the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after purchasing an additional 91 shares during the period. Willow Creek Wealth Management Inc. lifted its stake in shares of Exxon Mobil by 3.6% in the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 91 shares during the period. Chapin Davis Inc. lifted its stake in shares of Exxon Mobil by 2.1% in the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock valued at $497,000 after purchasing an additional 93 shares during the period. Finally, Gagnon Securities LLC lifted its stake in shares of Exxon Mobil by 1.3% in the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock valued at $860,000 after purchasing an additional 95 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $110.93 on Friday. The firm has a 50-day simple moving average of $111.32 and a 200-day simple moving average of $109.48. The stock has a market capitalization of $472.94 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 2.04 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $124.26.

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

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio is 56.25%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

XOM has been the subject of several analyst reports. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Melius Research started coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. UBS Group boosted their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.95.

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.