Eads & Heald Wealth Management Trims Holdings in Exxon Mobil Corporation $XOM

Eads & Heald Wealth Management cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,470 shares of the oil and gas company’s stock after selling 225 shares during the quarter. Eads & Heald Wealth Management’s holdings in Exxon Mobil were worth $1,776,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the first quarter worth about $29,000. Elequin Capital LP purchased a new position in Exxon Mobil during the first quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd grew its position in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC grew its position in Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after buying an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil during the second quarter worth about $38,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on XOM shares. Morgan Stanley lifted their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Bank of America lifted their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Melius started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Mizuho dropped their price target 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. Finally, Barclays dropped their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $125.79.

Exxon Mobil Trading Down 0.2%

NYSE XOM opened at $114.08 on Thursday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $124.26. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average of $111.28 and a 200-day moving average of $109.54. The firm has a market cap of $486.35 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 2.07 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.Exxon Mobil’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.14 EPS. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’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 transaction of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is owned by insiders.

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.