Exxon Mobil Co. (NYSE:XOM) Stock Position Reduced by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lowered its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 460,807 shares of the oil and gas company’s stock after selling 24,014 shares during the quarter. Exxon Mobil comprises approximately 3.7% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 3rd largest holding. Franklin Street Advisors Inc. NC’s holdings in Exxon Mobil were worth $39,463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Guardian Wealth Management Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $30,000. GW&K Investment Management LLC purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at about $32,000. CFS Investment Advisory Services LLC raised its position in shares of Exxon Mobil by 8,482.4% during the 1st quarter. CFS Investment Advisory Services LLC now owns 1,644,137 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 1,624,980 shares in the last quarter. GoalVest Advisory LLC purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at about $38,000. Finally, Dravo Bay LLC purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 56.84% of the company’s stock.

Insider Activity

In related news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the sale, the vice president now owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Jeffrey W. Ubben bought 960,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the transaction, the director now directly owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

Exxon Mobil Price Performance

NYSE XOM opened at $90.57 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. The firm’s 50 day moving average price is $93.05 and its 200-day moving average price is $89.79. Exxon Mobil Co. has a 52-week low of $55.28 and a 52-week high of $105.57. The company has a market cap of $377.46 billion, a PE ratio of 9.91, a P/E/G ratio of 0.30 and a beta of 1.07.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm had revenue of $115.68 billion for the quarter, compared to the consensus estimate of $111.67 billion. During the same period last year, the firm earned $1.10 earnings per share. The company’s quarterly revenue was up 70.8% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 12.67 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.89%. Exxon Mobil’s dividend payout ratio is presently 38.51%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Truist Financial decreased their target price on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research report on Tuesday, July 19th. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and upped their price target for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. HSBC upped their price target on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a report on Wednesday, July 20th. Piper Sandler cut their price target on shares of Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating on the stock in a report on Monday, September 12th. Finally, Bank of America upped their price target on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a report on Monday, August 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $96.69.

Exxon Mobil Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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