Exxon Mobil Corporation $XOM Shares Sold by CVA Family Office LLC

CVA Family Office LLC cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.9% in the second quarter, Holdings Channel.com reports. The fund owned 14,942 shares of the oil and gas company’s stock after selling 776 shares during the period. CVA Family Office LLC’s holdings in Exxon Mobil were worth $1,611,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Eagle Capital Management LLC grew its stake in shares of 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 buying an additional 376 shares in the last quarter. Ironwood Wealth Management LLC. acquired a new position in Exxon Mobil during the 1st quarter worth about $200,000. Brucke Financial Inc. boosted its holdings in Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after acquiring an additional 142 shares during the period. CNB Bank grew its position in Exxon Mobil by 5.7% in the 1st quarter. CNB Bank now owns 33,019 shares of the oil and gas company’s stock valued at $3,927,000 after acquiring an additional 1,780 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. increased its stake in Exxon Mobil by 19.6% during the first quarter. Total Wealth Planning & Management Inc. now owns 14,230 shares of the oil and gas company’s stock worth $1,692,000 after purchasing an additional 2,329 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 $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 SEC, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $115.39 on Monday. 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 company has a fifty day simple moving average of $112.58 and a 200-day simple moving average of $109.56. The stock has a market cap of $491.94 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21.

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

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is 56.25%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on XOM. Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a research note on Tuesday, October 7th. Barclays decreased their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Wells Fargo & Company assumed coverage on Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Friday. Finally, Morgan Stanley boosted their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $127.58.

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.