Exxon Mobil Corporation $XOM Shares Sold by Freedom Day Solutions LLC

Freedom Day Solutions LLC reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,883 shares of the oil and gas company’s stock after selling 640 shares during the quarter. Exxon Mobil comprises approximately 0.8% of Freedom Day Solutions LLC’s portfolio, making the stock its 28th largest holding. Freedom Day Solutions LLC’s holdings in Exxon Mobil were worth $3,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. GAMMA Investing LLC increased its stake in Exxon Mobil by 20.6% in 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 purchasing an additional 13,582 shares during the period. Eagle Capital Management LLC increased its stake in Exxon Mobil by 15.3% in 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 purchasing an additional 376 shares during the period. Ironwood Wealth Management LLC. acquired a new position in Exxon Mobil in the first quarter valued at $200,000. Osprey Private Wealth LLC increased its stake in Exxon Mobil by 38.7% in the first quarter. Osprey Private Wealth LLC now owns 4,300 shares of the oil and gas company’s stock valued at $511,000 after purchasing an additional 1,200 shares during the period. Finally, Relyea Zuckerberg Hanson LLC increased its stake in Exxon Mobil by 1.9% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 35,005 shares of the oil and gas company’s stock valued at $4,163,000 after purchasing an additional 656 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’s 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on XOM. Mizuho dropped their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. UBS Group lifted their target price 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. Melius began coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Finally, Bank of America lifted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. One research 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 company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $125.95.

Exxon Mobil Stock Down 1.8%

XOM stock opened at $110.93 on Friday. The company has a market cap of $472.94 billion, a P/E ratio of 15.76, a P/E/G ratio of 2.00 and a beta of 0.51. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $124.26. The company’s 50-day moving average price is $111.32 and its 200 day moving average price is $109.42. 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 (NYSE:XOM) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued 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 3.6%. Exxon Mobil’s payout ratio is currently 56.25%.

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.