Moran Wealth Management LLC Lowers Stake in Exxon Mobil Corporation $XOM

Moran Wealth Management LLC reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,390 shares of the oil and gas company’s stock after selling 4,279 shares during the quarter. Moran Wealth Management LLC’s holdings in Exxon Mobil were worth $9,097,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil during the first quarter valued at $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil during the first quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares during the period. Game Plan Financial Advisors LLC boosted its stake in shares of 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 period. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Exxon Mobil in the second quarter valued at about $38,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s 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 owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on XOM shares. Melius started coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Mizuho decreased their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Finally, Melius Research started coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.05.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $110.71 on Friday. The company has a market capitalization of $471.98 billion, a PE ratio of 15.73, a P/E/G ratio of 2.01 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company has a 50-day simple moving average of $111.72 and a two-hundred day simple moving average of $109.30. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Research analysts expect that Exxon Mobil Corporation will post 7.43 EPS 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 issued a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil’s payout ratio 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.