Exxon Mobil Corporation $XOM Stock Position Lowered by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Exxon Mobil Corporation by 48.1%, after selling 108,796 shares, leaving them with 117,266 shares valued at approximately $12.74 million.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, resulting in an annualized yield of 3.6% and a payout ratio of 56.25%.
• The company reported $0.65 earnings per share for the last quarter, with revenues of $57.55 billion, while analysts predict earnings of $7.43 per share for the current year.

Atria Wealth Solutions Inc. decreased its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 48.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,266 shares of the oil and gas company's stock after selling 108,796 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Exxon Mobil were worth $12,743,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil in the first quarter worth $29,000. Elequin Capital LP acquired a new position in shares of Exxon Mobil in the first quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Exxon Mobil by 396.7% in the first 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 last quarter. Game Plan Financial Advisors LLC increased its stake in shares of Exxon Mobil by 1,500.0% in the first 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 last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of Exxon Mobil in the second quarter worth $38,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM opened at $110.71 on Friday. The company has a market capitalization of $471.98 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. 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 company's fifty day moving average price is $111.72 and its 200 day moving average price is $109.30.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current 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 given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Bank of America lifted 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Finally, Morgan Stanley lifted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $126.05.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at $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 available at the SEC website. 0.03% of the stock is owned by corporate insiders.

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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