Exxon Mobil Corporation $XOM Stock Holdings Cut by TCI Wealth Advisors Inc.

Key Points

• TCI Wealth Advisors Inc. reduced its holdings in Exxon Mobil Corporation by 8.1% in Q2, resulting in ownership of 52,559 shares valued at approximately $5.67 million.
• Multiple institutional investors increased their stakes in Exxon Mobil during Q1, with Jones Financial Companies boosting its holdings by 52.3% to 382,989 shares.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, yielding 3.4%, and reported a quarterly EPS of $1.64, exceeding analyst expectations.

TCI Wealth Advisors Inc. cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,559 shares of the oil and gas company's stock after selling 4,604 shares during the quarter. TCI Wealth Advisors Inc.'s holdings in Exxon Mobil were worth $5,666,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Journey Strategic Wealth LLC boosted its stake in shares of Exxon Mobil by 6.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after acquiring an additional 1,379 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Exxon Mobil by 52.3% during the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock worth $45,149,000 after acquiring an additional 131,600 shares in the last quarter. Legacy Trust boosted its stake in shares of Exxon Mobil by 12.7% during the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after acquiring an additional 997 shares in the last quarter. Hartford Funds Management Co LLC boosted its stake in shares of Exxon Mobil by 51.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after acquiring an additional 2,617 shares in the last quarter. Finally, Phoenix Financial Ltd. boosted its stake in shares of Exxon Mobil by 23.9% during the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock worth $11,561,000 after acquiring an additional 18,752 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction 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 completion of the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $117.15 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The business has a fifty day simple moving average of $110.83 and a 200 day simple moving average of $109.52. The firm has a market cap of $499.44 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 2.11 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same period last year, the company earned $2.14 earnings per share. Exxon Mobil's quarterly revenue was down 12.4% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on XOM shares. Piper Sandler raised their price objective on Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Melius Research began coverage on 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 raised their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Mizuho decreased their target price on 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 issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $125.00.

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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