Fermata Advisors LLC Sells 4,429 Shares of Exxon Mobil Corporation $XOM

Fermata Advisors LLC lowered its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 40.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,637 shares of the oil and gas company's stock after selling 4,429 shares during the period. Fermata Advisors LLC's holdings in Exxon Mobil were worth $715,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 10Elms LLP bought a new position in Exxon Mobil in the fourth quarter valued at about $25,000. Graybill Wealth Management LTD. bought a new position in Exxon Mobil in the first quarter valued at about $29,000. Elequin Capital LP bought a new position in Exxon Mobil in the first quarter valued at about $31,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at about $32,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in 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 valued at $35,000 after acquiring an additional 238 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company's 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 owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

XOM has been the topic of several research reports. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Mizuho reduced their price target on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Melius Research initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $124.76.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $114.64 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. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The stock's 50 day moving average is $110.59 and its 200-day moving average is $109.19. The firm has a market capitalization of $488.74 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 2.05 and a beta of 0.57.

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

Exxon Mobil Dividend Announcement

The company also recently announced 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. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio is presently 56.25%.

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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