Freestone Capital Holdings LLC Trims Stock Position in Exxon Mobil Corporation $XOM

Freestone Capital Holdings LLC cut its position in Exxon Mobil Corporation (NYSE:XOM) by 7.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 161,399 shares of the oil and gas company’s stock after selling 13,086 shares during the quarter. Exxon Mobil accounts for about 0.6% of Freestone Capital Holdings LLC’s holdings, making the stock its 28th largest holding. Freestone Capital Holdings LLC’s holdings in Exxon Mobil were worth $17,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Graybill Wealth Management LTD. bought a new position in Exxon Mobil in the 1st quarter worth about $29,000. Elequin Capital LP purchased a new position in shares of Exxon Mobil during the first quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC lifted its position in 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 during the last quarter. Finally, 1248 Management LLC purchased a new position in Exxon Mobil in the 1st quarter worth approximately $40,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $114.52 on Monday. The business has a 50 day moving average of $113.26 and a 200 day moving average of $110.03. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. The company has a market cap of $488.21 billion, a PE ratio of 16.27, a P/E/G ratio of 2.06 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 business had revenue of $57.55 billion for the quarter. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 57.56%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’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 transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Bank of America upped their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Piper Sandler set a $141.00 price objective on Exxon Mobil in a report on Tuesday, October 7th. Mizuho reduced their price objective 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. 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. Finally, Barclays reduced their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

Exxon Mobil Company 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.