Clifford Swan Investment Counsel LLC Sells 8,396 Shares of Exxon Mobil Corporation $XOM

Key Points

• Clifford Swan Investment Counsel LLC sold 8,396 shares of Exxon Mobil, reducing its holdings by 2.7% to 303,115 shares, which are now valued at approximately $32.68 million.
• Exxon Mobil's stock rating varies among analysts, with recent upgrades and downgrades leading to an average target price of $127.58 and a general consensus rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.99 per share, representing an annualized yield of 3.4%, with a payout ratio of 56.25%.

Clifford Swan Investment Counsel LLC trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 303,115 shares of the oil and gas company's stock after selling 8,396 shares during the period. Exxon Mobil accounts for approximately 1.2% of Clifford Swan Investment Counsel LLC's holdings, making the stock its 24th largest position. Clifford Swan Investment Counsel LLC's holdings in Exxon Mobil were worth $32,676,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XOM. GAMMA Investing LLC grew its position in Exxon Mobil by 20.6% in the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company's stock worth $9,458,000 after acquiring an additional 13,582 shares in the last quarter. Eagle Capital Management LLC grew its position in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock worth $337,000 after acquiring an additional 376 shares in the last quarter. Ironwood Wealth Management LLC. bought a new stake in Exxon Mobil in the first quarter worth approximately $200,000. Brucke Financial Inc. grew its position in Exxon Mobil by 2.1% in the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company's stock worth $808,000 after acquiring an additional 142 shares in the last quarter. Finally, RAM Investment Partners LLC bought a new stake in Exxon Mobil in the first quarter worth approximately $224,000. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,158 shares of the 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 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 filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research note on Tuesday, October 7th. Bank of America boosted their price objective 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. Mizuho reduced their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Finally, UBS Group boosted their price objective on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a "buy" rating in a research note on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $127.58.

Exxon Mobil Price Performance

NYSE:XOM opened at $115.39 on Friday. The stock has a market cap of $491.94 billion, a P/E ratio of 16.39, a PEG ratio of 2.06 and a beta of 0.51. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The company has a fifty day moving average price of $112.58 and a 200 day moving average price of $109.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

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

Exxon Mobil Dividend Announcement

The business also recently announced 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. 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%.

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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