BostonPremier Wealth LLC Trims Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• BostonPremier Wealth LLC significantly reduced its stake in Exxon Mobil by 68.9% during the second quarter, leaving it with 6,230 shares valued at approximately $672,000.
• Recent activity among other large investors saw Journey Strategic Wealth LLC increase its holdings by 6.7%, while Jones Financial Companies Lllp grew theirs by 52.3% in the first quarter.
• Exxon Mobil's stock received a mix of analyst ratings, with one emphasizing a "Strong Buy," while another maintained a "hold" rating, reflecting a consensus rating of "Hold" and an average price target of $125.00.

BostonPremier Wealth LLC lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 68.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,230 shares of the oil and gas company's stock after selling 13,809 shares during the quarter. Exxon Mobil comprises approximately 0.4% of BostonPremier Wealth LLC's portfolio, making the stock its 23rd biggest position. BostonPremier Wealth LLC's holdings in Exxon Mobil were worth $672,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Journey Strategic Wealth LLC raised its stake in shares of Exxon Mobil by 6.7% during the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after purchasing an additional 1,379 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Exxon Mobil by 52.3% during the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock worth $45,149,000 after acquiring an additional 131,600 shares during the period. Legacy Trust grew its holdings in Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after acquiring an additional 997 shares during the period. Hartford Funds Management Co LLC grew its holdings in Exxon Mobil by 51.8% during the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after acquiring an additional 2,617 shares during the period. Finally, Phoenix Financial Ltd. grew its holdings in Exxon Mobil by 23.9% during the first quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock worth $11,561,000 after acquiring an additional 18,752 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on 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 of the company's stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction 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 Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. UBS Group upped their price objective on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Mizuho dropped their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a report on Monday, September 15th. Melius initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective on the stock. Finally, Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $125.00.

Exxon Mobil Stock Up 1.0%

XOM opened at $115.65 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a market cap of $493.04 billion, a P/E ratio of 16.43, a PEG ratio of 2.09 and a beta of 0.57. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The business's fifty day simple moving average is $110.65 and its 200 day simple moving average is $109.46.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.14 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid 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 3.4%. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Exxon Mobil 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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