Exxon Mobil Corporation $XOM Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 14.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,001 shares of the oil and gas company's stock after selling 4,436 shares during the period. Marks Group Wealth Management Inc's holdings in Exxon Mobil were worth $2,803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Axis Wealth Partners LLC raised its position in shares of Exxon Mobil by 1.8% in 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 during the last quarter. Park Edge Advisors LLC raised its position in shares of Exxon Mobil by 0.3% in 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 during the last quarter. Willow Creek Wealth Management Inc. raised its position in shares of Exxon Mobil by 3.6% in 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 during the last quarter. Chapin Davis Inc. raised its position in shares of Exxon Mobil by 2.1% in 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 during the last quarter. Finally, Gagnon Securities LLC raised its position in shares of Exxon Mobil by 1.3% in the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after buying an additional 95 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Melius started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. TD Cowen upped their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Mizuho dropped their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Monday, September 15th. UBS Group upped their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Finally, 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 report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $124.75.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company's stock, 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 filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Trading Down 0.0%

Shares of XOM stock opened at $114.19 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market cap of $486.82 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 2.08 and a beta of 0.51. The company has a 50-day moving average of $111.23 and a two-hundred day moving average of $109.50. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $124.26.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. The company 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%. Exxon Mobil's revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.14 earnings per share. On average, analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

About Exxon Mobil

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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