AdviceOne Advisory Services LLC Purchases 319 Shares of Exxon Mobil Corporation $XOM

AdviceOne Advisory Services LLC grew its position in Exxon Mobil Corporation (NYSE:XOM) by 5.6% during the second quarter, Holdings Channel reports. The firm owned 5,986 shares of the oil and gas company’s stock after acquiring an additional 319 shares during the period. Exxon Mobil makes up approximately 0.5% of AdviceOne Advisory Services LLC’s portfolio, making the stock its 10th largest position. AdviceOne Advisory Services LLC’s holdings in Exxon Mobil were worth $645,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Journey Strategic Wealth LLC grew its holdings in Exxon Mobil by 6.7% during the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock worth $2,608,000 after acquiring an additional 1,379 shares during the period. Jones Financial Companies Lllp grew its holdings in Exxon Mobil by 52.3% during the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after acquiring an additional 131,600 shares during the period. Hartford Funds Management Co LLC grew its holdings in Exxon Mobil by 51.8% during the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock worth $912,000 after acquiring an additional 2,617 shares during the period. Phoenix Financial Ltd. grew its holdings in Exxon Mobil by 23.9% during the first quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company’s stock worth $11,561,000 after acquiring an additional 18,752 shares during the period. Finally, SteelPeak Wealth LLC grew its holdings in Exxon Mobil by 24.2% during the first quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company’s stock worth $4,605,000 after acquiring an additional 7,543 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on XOM shares. Piper Sandler set a $141.00 target price on Exxon Mobil in a report on Tuesday, October 7th. Melius started coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Morgan Stanley raised their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Finally, Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One 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 stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $126.05.

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 that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at $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 SEC, which is available through this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.40 on Wednesday. The company has a market cap of $479.21 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 2.03 and a beta of 0.51. The stock’s 50 day simple moving average is $111.52 and its 200-day simple moving average is $109.34. 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 released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business 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%. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

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.