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OneAscent Wealth Management LLC Sells 3,006 Shares of Exxon Mobil Corporation (NYSE:XOM)

Exxon Mobil logo with Energy background

OneAscent Wealth Management LLC trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 46.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,534 shares of the oil and gas company's stock after selling 3,006 shares during the period. OneAscent Wealth Management LLC's holdings in Exxon Mobil were worth $420,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of XOM. Harvest Fund Management Co. Ltd increased its position in shares of Exxon Mobil by 11.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock worth $99,000 after acquiring an additional 94 shares during the period. Summit Global Investments increased its position in shares of Exxon Mobil by 50.2% during the fourth quarter. Summit Global Investments now owns 8,605 shares of the oil and gas company's stock worth $926,000 after acquiring an additional 2,876 shares during the period. Virtu Financial LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $2,416,000. Mosley Wealth Management increased its position in shares of Exxon Mobil by 20.1% during the fourth quarter. Mosley Wealth Management now owns 8,594 shares of the oil and gas company's stock worth $934,000 after acquiring an additional 1,440 shares during the period. Finally, Napatree Capital LLC lifted its stake in Exxon Mobil by 11.4% in the fourth quarter. Napatree Capital LLC now owns 9,435 shares of the oil and gas company's stock worth $1,015,000 after acquiring an additional 962 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on XOM shares. Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley reiterated an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. UBS Group dropped their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $125.42.

Get Our Latest Stock Analysis on XOM

Exxon Mobil Trading Up 0.5%

Shares of NYSE XOM traded up $0.55 during mid-day trading on Tuesday, hitting $108.60. The company's stock had a trading volume of 13,966,836 shares, compared to its average volume of 15,857,667. The company's fifty day simple moving average is $108.66 and its 200-day simple moving average is $108.98. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a market cap of $468.04 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the company earned $2.06 earnings per share. The firm's revenue was up .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil's payout ratio is presently 52.52%.

Exxon Mobil Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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