CreativeOne Wealth LLC Sells 1,825 Shares of Exxon Mobil Corporation $XOM

CreativeOne Wealth LLC decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 3.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 53,486 shares of the oil and gas company’s stock after selling 1,825 shares during the quarter. CreativeOne Wealth LLC’s holdings in Exxon Mobil were worth $6,361,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Boothbay Fund Management LLC boosted its position in Exxon Mobil by 53.9% during the 4th quarter. Boothbay Fund Management LLC now owns 3,812 shares of the oil and gas company’s stock valued at $410,000 after buying an additional 1,335 shares during the period. Quarry LP lifted its position in shares of Exxon Mobil by 123.8% in the 4th quarter. Quarry LP now owns 998 shares of the oil and gas company’s stock worth $107,000 after purchasing an additional 552 shares during the period. Bellwether Advisors LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth about $104,000. Ion Asset Management Ltd. increased its stake in Exxon Mobil by 11.8% during the 4th quarter. Ion Asset Management Ltd. now owns 6,150 shares of the oil and gas company’s stock valued at $662,000 after purchasing an additional 650 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its stake in Exxon Mobil by 23.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 17,078 shares of the oil and gas company’s stock valued at $1,837,000 after purchasing an additional 3,197 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the 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 directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XOM. TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. Melius Research 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. Piper Sandler boosted their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Finally, Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $125.00.

Exxon Mobil Trading Down 0.0%

XOM stock opened at $111.71 on Wednesday. The firm’s fifty day simple moving average is $110.18 and its two-hundred day simple moving average is $108.92. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $476.26 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 2.09 and a beta of 0.53. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. During the same period in the prior year, the business posted $2.14 earnings per share. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, August 15th. Exxon Mobil’s dividend payout ratio is presently 56.25%.

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.