Exxon Mobil Corporation $XOM Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,153 shares of the oil and gas company’s stock after selling 3,889 shares during the period. Wealthspire Advisors LLC’s holdings in Exxon Mobil were worth $15,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at about $2,730,414,000. GQG Partners LLC boosted its position in Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock worth $1,197,753,000 after purchasing an additional 10,004,975 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Exxon Mobil in the second quarter valued at approximately $607,621,000. Ameriprise Financial Inc. increased its position in shares of Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after buying an additional 2,639,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Exxon Mobil by 72.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock worth $598,280,000 after buying an additional 2,332,293 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 1.1%

XOM opened at $119.02 on Wednesday. The firm has a market capitalization of $501.91 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The company’s 50 day simple moving average is $114.40 and its two-hundred day simple moving average is $110.86. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

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

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio is 59.88%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business’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 transaction, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. Bank of America lifted their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price on the stock. Barclays reduced 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. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. Finally, UBS Group increased their target price on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.67.

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.