LifeSteps Financial Inc. Reduces Stock Position in Exxon Mobil Corporation $XOM

LifeSteps Financial Inc. reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,481 shares of the oil and gas company’s stock after selling 364 shares during the period. Exxon Mobil accounts for approximately 0.9% of LifeSteps Financial Inc.’s portfolio, making the stock its 24th largest position. LifeSteps Financial Inc.’s holdings in Exxon Mobil were worth $1,345,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of XOM. GAMMA Investing LLC increased its position in shares of Exxon Mobil by 20.6% during the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock valued at $9,458,000 after buying an additional 13,582 shares during the period. Eagle Capital Management LLC increased its position in shares of Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares during the period. Ironwood Wealth Management LLC. purchased a new position in shares of Exxon Mobil during the first quarter valued at about $200,000. Davis Investment Partners LLC increased its position in shares of Exxon Mobil by 16.8% during the first quarter. Davis Investment Partners LLC now owns 34,527 shares of the oil and gas company’s stock valued at $4,106,000 after buying an additional 4,967 shares during the period. Finally, Yarger Wealth Strategies LLC grew its holdings in Exxon Mobil by 35.1% in the first quarter. Yarger Wealth Strategies LLC now owns 3,704 shares of the oil and gas company’s stock worth $441,000 after purchasing an additional 962 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.8%

XOM opened at $110.93 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $124.26. The company has a market capitalization of $472.94 billion, a PE ratio of 15.76, a PEG ratio of 2.04 and a beta of 0.51. The firm’s 50 day simple moving average is $111.32 and its two-hundred day simple moving average is $109.48.

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

Exxon Mobil Dividend Announcement

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 $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil’s dividend payout ratio (DPR) is presently 56.25%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred 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 transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade 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 accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on XOM shares. Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a report on Tuesday. Melius Research started coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. UBS Group increased their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Morgan Stanley increased their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.95.

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.