Darden Wealth Group Inc Sells 200 Shares of Exxon Mobil Corporation $XOM

Darden Wealth Group Inc cut its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 9.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,955 shares of the oil and gas company’s stock after selling 200 shares during the period. Darden Wealth Group Inc’s holdings in Exxon Mobil were worth $211,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of XOM. Graybill Wealth Management LTD. bought a new position in Exxon Mobil during the 1st quarter valued at approximately $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC boosted its position in shares of Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $38,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on XOM shares. Barclays dropped their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock 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 issued an “overweight” rating and a $156.00 price target on the stock. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Finally, Mizuho dropped their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.58.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on 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 in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Trading Up 0.4%

NYSE:XOM opened at $115.89 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The company has a market cap of $494.07 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51. The company has a 50 day simple moving average of $112.77 and a two-hundred day simple moving average of $109.63.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.