Exxon Mobil Corporation $XOM Stock Position Reduced by Global Assets Advisory LLC

Global Assets Advisory LLC lessened its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 69.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,433 shares of the oil and gas company's stock after selling 212,951 shares during the quarter. Exxon Mobil makes up about 3.9% of Global Assets Advisory LLC's holdings, making the stock its 3rd largest position. Global Assets Advisory LLC's holdings in Exxon Mobil were worth $10,097,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd boosted its position 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 valued at $35,000 after purchasing an additional 238 shares during the period. Game Plan Financial Advisors LLC boosted its position 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 valued at $38,000 after purchasing 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 valued at about $38,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Buying and Selling

In related 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 value of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $114.19 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company has a market cap of $486.82 billion, a P/E ratio of 16.22, a PEG ratio of 2.08 and a beta of 0.51. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $124.26. The company has a 50-day moving average price of $111.23 and a 200 day moving average price of $109.50.

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 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm's revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.14 earnings per share. Research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current 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 given 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 (DPR) is presently 56.25%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Bank of America upped their target price on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Morgan Stanley increased their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research note on Tuesday. UBS Group increased their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Finally, Melius Research started 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 for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $124.75.

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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