Exxon Mobil Corporation $XOM Shares Sold by Firethorn Wealth Partners LLC

Key Points

• Firethorn Wealth Partners LLC reduced its stake in Exxon Mobil Corporation by 59.0% during the second quarter, selling over 6,000 shares and holding 4,257 shares valued at approximately $459,000.
• Various institutional investors have altered their positions, with O Keefe Stevens Advisory Inc. increasing their holdings by 5.4% and Talbot Financial LLC growing theirs by 247.4% during the same period.
• Exxon Mobil's recent earnings report showed EPS of $1.64, exceeding expectations, despite a 12.4% decline in revenue compared to the previous year.

Firethorn Wealth Partners LLC cut its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 59.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,257 shares of the oil and gas company's stock after selling 6,127 shares during the quarter. Firethorn Wealth Partners LLC's holdings in Exxon Mobil were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. O Keefe Stevens Advisory Inc. increased its holdings in shares of Exxon Mobil by 5.4% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 29,296 shares of the oil and gas company's stock valued at $3,158,000 after purchasing an additional 1,496 shares in the last quarter. Talbot Financial LLC grew its position in Exxon Mobil by 247.4% during the second quarter. Talbot Financial LLC now owns 13,200 shares of the oil and gas company's stock valued at $1,423,000 after buying an additional 9,400 shares during the period. Diligent Investors LLC increased its holdings in Exxon Mobil by 19.3% in the second quarter. Diligent Investors LLC now owns 15,221 shares of the oil and gas company's stock valued at $1,641,000 after buying an additional 2,458 shares in the last quarter. Oak Hill Wealth Advisors LLC raised its position in shares of Exxon Mobil by 1.0% in the second quarter. Oak Hill Wealth Advisors LLC now owns 32,051 shares of the oil and gas company's stock worth $3,660,000 after acquiring an additional 308 shares during the period. Finally, Signature Wealth Management Partners LLC boosted its stake in shares of Exxon Mobil by 24.7% during the 2nd quarter. Signature Wealth Management Partners LLC now owns 11,646 shares of the oil and gas company's stock worth $1,255,000 after acquiring an additional 2,306 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. TD Cowen lifted their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Melius Research began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target on the stock. Finally, 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 report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $125.00.

Exxon Mobil Stock Up 0.8%

NYSE XOM opened at $114.18 on Tuesday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The business has a fifty day moving average price of $111.21 and a 200 day moving average price of $109.47. The company 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 (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.14 earnings per share. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil's dividend payout ratio is presently 56.25%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by corporate insiders.

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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