Exxon Mobil Corporation $XOM Position Decreased by Drucker Wealth 3.0 LLC

Key Points

• Drucker Wealth 3.0 LLC decreased its holdings in Exxon Mobil by 6.6% in Q2, holding 41,604 shares valued at approximately $4.73 million, making it the firm's 26th largest holding.
• Various institutional investors have made adjustments, with Axis Wealth Partners LLC increasing its stake by 1.8%, and overall, institutional investors own 61.80% of Exxon Mobil's stock.
• Exxon Mobil declared a quarterly dividend of $0.99 per share, which yields approximately 3.5%, and analysts have varied price targets for the stock, with a consensus target of $126.05.

Drucker Wealth 3.0 LLC decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,604 shares of the oil and gas company's stock after selling 2,959 shares during the period. Exxon Mobil makes up 0.9% of Drucker Wealth 3.0 LLC's portfolio, making the stock its 26th biggest holding. Drucker Wealth 3.0 LLC's holdings in Exxon Mobil were worth $4,734,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Axis Wealth Partners LLC lifted its stake in Exxon Mobil by 1.8% during the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock valued at $545,000 after buying an additional 90 shares in the last quarter. Park Edge Advisors LLC lifted its stake in Exxon Mobil by 0.3% during the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock valued at $3,453,000 after buying an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. lifted its stake in Exxon Mobil by 3.6% during the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company's stock valued at $285,000 after buying an additional 91 shares in the last quarter. Chapin Davis Inc. lifted its stake in Exxon Mobil by 2.1% during the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock valued at $497,000 after buying an additional 93 shares in the last quarter. Finally, Cascade Investment Group Inc. lifted its stake in Exxon Mobil by 2.1% during the second quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company's stock valued at $476,000 after buying an additional 93 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred 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 transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Price Performance

Shares of XOM opened at $112.11 on Tuesday. The firm has a market cap of $477.97 billion, a PE ratio of 15.93, a PEG ratio of 2.00 and a beta of 0.51. The firm's 50 day moving average price is $111.42 and its 200 day moving average price is $109.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $124.26.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $57.55 billion for the quarter. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Wall Street Analyst Weigh In

XOM has been the subject of a number of analyst reports. Bank of America upped their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. TD Cowen increased their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research report on Thursday. Finally, Barclays reduced their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $126.05.

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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