Financial Advisors LLC Has $2.23 Million Stock Holdings in Exxon Mobil Corporation $XOM

Financial Advisors LLC trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 20,640 shares of the oil and gas company’s stock after selling 539 shares during the quarter. Exxon Mobil comprises about 0.4% of Financial Advisors LLC’s portfolio, making the stock its 17th biggest holding. Financial Advisors LLC’s holdings in Exxon Mobil were worth $2,225,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of XOM. LMG Wealth Partners LLC raised its stake in Exxon Mobil by 1.3% in the second quarter. LMG Wealth Partners LLC now owns 61,134 shares of the oil and gas company’s stock valued at $6,590,000 after purchasing an additional 785 shares in the last quarter. Community Bank of Raymore grew its stake in Exxon Mobil by 5.0% during the second quarter. Community Bank of Raymore now owns 23,201 shares of the oil and gas company’s stock worth $2,501,000 after buying an additional 1,110 shares in the last quarter. Calamos Wealth Management LLC increased its holdings in Exxon Mobil by 1.5% in the 2nd quarter. Calamos Wealth Management LLC now owns 37,694 shares of the oil and gas company’s stock valued at $4,063,000 after buying an additional 566 shares during the period. Cidel Asset Management Inc. raised its position in shares of Exxon Mobil by 2.0% in the 2nd quarter. Cidel Asset Management Inc. now owns 46,469 shares of the oil and gas company’s stock valued at $5,009,000 after buying an additional 918 shares in the last quarter. Finally, Forvis Mazars Wealth Advisors LLC raised its position in shares of Exxon Mobil by 0.9% in the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 42,369 shares of the oil and gas company’s stock valued at $4,567,000 after buying an additional 372 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on XOM shares. Melius Research began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. UBS Group upped their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Morgan Stanley lifted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Finally, Melius initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Two research 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.58.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $112.72 on Wednesday. The company’s 50 day moving average price is $112.10 and its two-hundred day moving average price is $109.25. The firm has a market capitalization of $480.55 billion, a P/E ratio of 16.01, a P/E/G ratio of 2.02 and a beta of 0.51. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week 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 announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion during the quarter. On average, equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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