Strategic Financial Services Inc. Decreases Stock Holdings in Exxon Mobil Corporation $XOM

Strategic Financial Services Inc. decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,105 shares of the oil and gas company’s stock after selling 1,287 shares during the quarter. Strategic Financial Services Inc.’s holdings in Exxon Mobil were worth $2,275,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Mizuho Markets Cayman LP purchased a new stake in Exxon Mobil during the second quarter valued at $144,147,000. Zhang Financial LLC increased its position in Exxon Mobil by 2.1% during the second quarter. Zhang Financial LLC now owns 27,587 shares of the oil and gas company’s stock valued at $2,974,000 after acquiring an additional 563 shares during the last quarter. New York Life Investment Management LLC increased its position in Exxon Mobil by 0.6% during the second quarter. New York Life Investment Management LLC now owns 586,102 shares of the oil and gas company’s stock valued at $63,182,000 after acquiring an additional 3,569 shares during the last quarter. GGM Financials LLC bought a new position in Exxon Mobil during the second quarter valued at $292,000. Finally, Heritage Wealth Management Inc. Texas increased its position in Exxon Mobil by 1.8% during the second quarter. Heritage Wealth Management Inc. Texas now owns 8,573 shares of the oil and gas company’s stock valued at $924,000 after acquiring an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.1%

NYSE XOM opened at $116.34 on Thursday. 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 $123.21. The company’s 50-day moving average price is $113.08 and its 200-day moving average price is $109.83. The stock has a market cap of $496.00 billion, a PE ratio of 16.53, a PEG ratio of 2.04 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued its earnings results 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 company had revenue of $57.55 billion for the quarter. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XOM. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective on the stock. Bank of America upped their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a report on Tuesday, October 7th. Finally, UBS Group upped their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.58.

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.