Avidian Wealth Enterprises LLC Sells 4,222 Shares of Exxon Mobil Corporation $XOM

Avidian Wealth Enterprises LLC lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 200,571 shares of the oil and gas company's stock after selling 4,222 shares during the period. Exxon Mobil accounts for approximately 0.9% of Avidian Wealth Enterprises LLC's holdings, making the stock its 24th biggest position. Avidian Wealth Enterprises LLC's holdings in Exxon Mobil were worth $21,622,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil during the 1st quarter valued at about $29,000. Elequin Capital LP bought a new position in shares of Exxon Mobil during the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Exxon Mobil by 396.7% during the 1st 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 last quarter. Game Plan Financial Advisors LLC lifted its holdings in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after acquiring an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Exxon Mobil in the 2nd quarter valued at about $38,000. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on XOM shares. Barclays lowered their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a report on Tuesday, October 7th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Finally, Bank of America increased their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $127.58.

Exxon Mobil Stock Up 1.7%

Shares of NYSE XOM opened at $114.64 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a market cap of $488.72 billion, a P/E ratio of 16.28, a PEG ratio of 2.02 and a beta of 0.51. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The firm has a 50-day simple moving average of $112.24 and a two-hundred day simple moving average of $109.29.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (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 anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company's stock.

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.

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