McKinley Carter Wealth Services Inc. Sells 503 Shares of Exxon Mobil Corporation $XOM

McKinley Carter Wealth Services Inc. decreased its position in Exxon Mobil Corporation (NYSE:XOM) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,911 shares of the oil and gas company’s stock after selling 503 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Exxon Mobil were worth $1,500,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Coordinated Financial Services Inc. acquired a new position in Exxon Mobil during the 2nd quarter valued at about $477,000. Castellan Group boosted its stake in Exxon Mobil by 2.9% in the second quarter. Castellan Group now owns 26,470 shares of the oil and gas company’s stock valued at $2,853,000 after acquiring an additional 740 shares during the last quarter. Financial Security Advisor Inc. grew its holdings in Exxon Mobil by 3.6% during the 2nd quarter. Financial Security Advisor Inc. now owns 40,800 shares of the oil and gas company’s stock worth $4,398,000 after acquiring an additional 1,413 shares during the period. Callan Family Office LLC raised its position in shares of Exxon Mobil by 131.8% during the 2nd quarter. Callan Family Office LLC now owns 76,155 shares of the oil and gas company’s stock valued at $8,210,000 after acquiring an additional 43,306 shares during the last quarter. Finally, Blair William & Co. IL increased its holdings in Exxon Mobil by 1.2% in the second quarter. Blair William & Co. IL now owns 971,001 shares of the oil and gas company’s stock valued at $104,674,000 after purchasing an additional 11,127 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 1.8%

XOM opened at $110.93 on Monday. The firm’s fifty day simple moving average is $111.32 and its 200 day simple moving average is $109.36. The stock has a market capitalization of $472.93 billion, a P/E ratio of 15.76, a P/E/G ratio of 2.00 and a beta of 0.51. 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 $124.26.

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

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on XOM. Morgan Stanley increased their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Melius started coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Mizuho lowered their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an “overweight” rating in a report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.95.

Insiders Place Their Bets

In other Exxon Mobil 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 value of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

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.