Goldstein Advisors LLC Sells 499 Shares of Exxon Mobil Corporation $XOM

Goldstein Advisors LLC reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 10.1% in the second quarter, Holdings Channel reports. The fund owned 4,455 shares of the oil and gas company’s stock after selling 499 shares during the quarter. Goldstein Advisors LLC’s holdings in Exxon Mobil were worth $480,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SAM Advisors LLC bought a new position in shares of Exxon Mobil during the 2nd quarter valued at approximately $240,000. Gladwyn Financial Advisors Inc. bought a new stake in Exxon Mobil in the second quarter worth $198,000. Schubert & Co lifted its position in Exxon Mobil by 2.2% in the second quarter. Schubert & Co now owns 10,526 shares of the oil and gas company’s stock worth $1,135,000 after buying an additional 222 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Exxon Mobil in the second quarter worth $90,377,000. Finally, Signature Estate & Investment Advisors LLC lifted its position in Exxon Mobil by 1.3% in the second quarter. Signature Estate & Investment Advisors LLC now owns 23,883 shares of the oil and gas company’s stock worth $2,575,000 after buying an additional 316 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on XOM. Piper Sandler set a $141.00 price target on Exxon Mobil in a research report on Tuesday, October 7th. Melius began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Morgan Stanley raised their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Two 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.58.

Exxon Mobil Stock Up 0.4%

NYSE:XOM opened at $112.68 on Tuesday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The company has a market cap of $480.38 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. The stock has a fifty day simple moving average of $111.97 and a 200-day simple moving average of $109.22. 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 (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion during the quarter. Analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company 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. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction 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 trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

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.