Valley Brook Capital Group Inc. Sells 355 Shares of Exxon Mobil Corporation $XOM

Valley Brook Capital Group Inc. lessened its holdings in Exxon Mobil Corporation (NYSE:XOM) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,951 shares of the oil and gas company’s stock after selling 355 shares during the quarter. Exxon Mobil accounts for approximately 1.1% of Valley Brook Capital Group Inc.’s investment portfolio, making the stock its 22nd biggest holding. Valley Brook Capital Group Inc.’s holdings in Exxon Mobil were worth $1,504,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in XOM. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil during the first quarter worth $29,000. Elequin Capital LP acquired a new position in Exxon Mobil during the first quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in 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 worth $35,000 after buying an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC increased its holdings in 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 worth $38,000 after buying an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of Exxon Mobil in the second quarter valued at $38,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the topic of several research reports. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Thursday, October 9th. Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a report on Tuesday, October 7th. Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Melius initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Finally, TD Cowen upped their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $126.05.

Exxon Mobil Trading Up 0.1%

XOM stock opened at $112.40 on Wednesday. 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’s 50-day simple moving average is $111.52 and its 200 day simple moving average is $109.34. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. The company has a market capitalization of $479.21 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 2.03 and a beta of 0.51.

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

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is owned by insiders.

Exxon Mobil Company 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.