Checchi Capital Advisers LLC Lowers Stock Position in Exxon Mobil Corporation $XOM

Key Points

• Checchi Capital Advisers LLC reduced its stake in Exxon Mobil Corporation by 5.5%, owning 42,487 shares valued at $4.58 million after selling 2,463 shares in Q2.
• Exxon Mobil recently declared a $0.99 quarterly dividend, providing a yield of 3.5%, with a payout ratio of 56.25%.
• Analysts project Exxon Mobil earnings at $7.43 EPS for the current year, with a consensus target price of $125.00 for the stock.

Checchi Capital Advisers LLC cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,487 shares of the oil and gas company's stock after selling 2,463 shares during the quarter. Checchi Capital Advisers LLC's holdings in Exxon Mobil were worth $4,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. KMG Fiduciary Partners LLC lifted its stake in Exxon Mobil by 24.8% during the first quarter. KMG Fiduciary Partners LLC now owns 18,252 shares of the oil and gas company's stock worth $2,171,000 after purchasing an additional 3,625 shares during the last quarter. Professional Advisory Services Inc. raised its holdings in shares of Exxon Mobil by 1.8% during the 1st quarter. Professional Advisory Services Inc. now owns 7,831 shares of the oil and gas company's stock valued at $931,000 after buying an additional 138 shares in the last quarter. SOA Wealth Advisors LLC. lifted its position in Exxon Mobil by 262.1% in the 1st quarter. SOA Wealth Advisors LLC. now owns 25,332 shares of the oil and gas company's stock worth $3,013,000 after buying an additional 18,336 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in Exxon Mobil by 2.1% in the first quarter. Wedge Capital Management L L P NC now owns 7,224 shares of the oil and gas company's stock worth $859,000 after buying an additional 147 shares in the last quarter. Finally, Meridian Financial Partners LLC grew its position in Exxon Mobil by 0.9% during the first quarter. Meridian Financial Partners LLC now owns 30,024 shares of the oil and gas company's stock valued at $3,571,000 after acquiring an additional 276 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company's stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $114.18 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a market cap of $486.78 billion, a P/E ratio of 16.22, a P/E/G ratio of 2.06 and a beta of 0.51. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The firm has a 50-day moving average of $111.21 and a 200-day moving average of $109.47.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results 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. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the prior year, the company posted $2.14 EPS. Exxon Mobil's quarterly revenue was down 12.4% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil's payout ratio is 56.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on XOM shares. Melius assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Bank of America boosted their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. TD Cowen boosted their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Finally, Morgan Stanley increased their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $125.00.

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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