Exxon Mobil Corporation $XOM Stock Holdings Lessened by Advocate Group LLC

Key Points

• Advocate Group LLC reduced its holdings in Exxon Mobil Corporation by 39.2%, selling 5,414 shares and leaving them with a total of 8,404 shares valued at approximately $906,000.
• Institutional investors currently own 61.80% of Exxon Mobil's stock, with several major funds, including Game Plan Financial Advisors LLC, increasing their stakes significantly in the first quarter.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, representing a 3.5% yield, with a dividend payout ratio of 56.25%.

Advocate Group LLC reduced its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 39.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 8,404 shares of the oil and gas company's stock after selling 5,414 shares during the quarter. Advocate Group LLC's holdings in Exxon Mobil were worth $906,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of XOM. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil in the 1st quarter worth about $29,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil in the 1st quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 238 shares during the period. Game Plan Financial Advisors LLC increased its holdings in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of Exxon Mobil in the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's 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 in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on XOM shares. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Thursday, October 9th. Barclays lowered their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 7th. TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Finally, Melius Research initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price on the stock. One equities 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's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $126.05.

Exxon Mobil Stock Performance

NYSE:XOM opened at $112.40 on Wednesday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $111.52 and a 200-day moving average of $109.34. The firm has a market cap of $479.21 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 2.03 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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 company had revenue of $57.55 billion during the quarter. Analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

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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