Exxon Mobil Corporation $XOM Shares Sold by Kellett Wealth Advisors LLC

Kellett Wealth Advisors LLC trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.2% during the second quarter, Holdings Channel reports. The firm owned 6,361 shares of the oil and gas company’s stock after selling 208 shares during the quarter. Kellett Wealth Advisors LLC’s holdings in Exxon Mobil were worth $686,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Community Bank N.A. raised its holdings in shares of Exxon Mobil by 1.8% during the second quarter. Community Bank N.A. now owns 57,579 shares of the oil and gas company’s stock worth $6,207,000 after purchasing an additional 1,023 shares during the period. NorthRock Partners LLC increased its holdings in shares of Exxon Mobil by 2.9% in the 2nd quarter. NorthRock Partners LLC now owns 55,936 shares of the oil and gas company’s stock worth $6,032,000 after acquiring an additional 1,588 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of Exxon Mobil by 3.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 119,578 shares of the oil and gas company’s stock worth $12,890,000 after acquiring an additional 4,450 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Exxon Mobil by 8.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 283,832 shares of the oil and gas company’s stock worth $30,597,000 after acquiring an additional 23,226 shares during the period. Finally, Westchester Capital Management Inc. increased its holdings in shares of Exxon Mobil by 1.2% in the 2nd quarter. Westchester Capital Management Inc. now owns 123,528 shares of the oil and gas company’s stock worth $13,316,000 after acquiring an additional 1,405 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were 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 in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $110.71 on Friday. The firm has a 50-day moving average price of $111.72 and a 200 day moving average price of $109.30. The firm has a market capitalization of $471.98 billion, a PE ratio of 15.73, a P/E/G ratio of 2.01 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 $123.21.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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 company had revenue of $57.55 billion during the quarter. On average, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Ratings Changes

XOM has been the topic of a number of analyst reports. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an “overweight” rating in a report on Thursday, June 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Melius began coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Finally, Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research report on Tuesday, October 7th. 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.05.

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.