Sheaff Brock Investment Advisors LLC Sells 16,720 Shares of Exxon Mobil Co. (NYSE:XOM)

Sheaff Brock Investment Advisors LLC decreased its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 14.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 97,017 shares of the oil and gas company’s stock after selling 16,720 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Exxon Mobil were worth $8,013,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Guardian Wealth Management Inc. bought a new stake in Exxon Mobil in the fourth quarter valued at about $30,000. Horan Securities Inc. acquired a new position in Exxon Mobil in the fourth quarter valued at about $31,000. West Bancorporation Inc. acquired a new position in Exxon Mobil in the fourth quarter valued at about $32,000. Nvwm LLC boosted its position in Exxon Mobil by 100.0% in the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 300 shares in the last quarter. Finally, Core Wealth Advisors Inc. boosted its position in Exxon Mobil by 454.5% in the fourth quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 500 shares in the last quarter. Institutional investors own 54.07% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the sale, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the sale, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the sale, the vice president now owns 27,863 shares in the company, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. Insiders have sold a total of 7,147 shares of company stock worth $698,858 over the last three months. Corporate insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. Piper Sandler upgraded shares of Exxon Mobil from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $102.00 to $109.00 in a research report on Tuesday, July 19th. The Goldman Sachs Group upped their target price on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Credit Suisse Group upgraded shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $115.00 to $125.00 in a research report on Tuesday, June 21st. Bank of America upped their target price on shares of Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Citigroup upped their target price on shares of Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, May 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $96.40.

Exxon Mobil Stock Performance

XOM stock opened at $87.19 on Friday. The business’s 50-day moving average price is $91.11 and its two-hundred day moving average price is $85.81. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market cap of $367.29 billion, a PE ratio of 9.54, a P/E/G ratio of 0.32 and a beta of 1.09. Exxon Mobil Co. has a 1-year low of $52.10 and a 1-year high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last posted its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.74 by $0.40. The firm had revenue of $115.68 billion for the quarter, compared to analyst estimates of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The company’s revenue for the quarter was up 70.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 12.24 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be issued a dividend of $0.88 per share. The ex-dividend date is Thursday, August 11th. This represents a $3.52 annualized dividend and a yield of 4.04%. Exxon Mobil’s dividend payout ratio is presently 38.51%.

Exxon Mobil Company Profile

(Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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