Franklin Street Advisors Inc. NC Has $15.74 Million Position in Exxon Mobil Corporation $XOM

Key Points

• Franklin Street Advisors Inc. reduced its stake in Exxon Mobil by 3.9%, owning 145,993 shares valued at approximately $15.74 million after selling 5,892 shares in the second quarter.
• Exxon Mobil's recent quarterly earnings beat analysts' expectations, reporting $1.64 EPS against a consensus estimate of $1.47, with revenue of $81.51 billion for the quarter.
• The company declared a quarterly dividend of $0.99 per share, representing an annual yield of 3.5%, and had a payout ratio of 56.25%.

Franklin Street Advisors Inc. NC decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,993 shares of the oil and gas company's stock after selling 5,892 shares during the period. Franklin Street Advisors Inc. NC's holdings in Exxon Mobil were worth $15,738,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. KFG Wealth Management LLC bought a new stake in Exxon Mobil in the 1st quarter valued at about $203,000. Persium Advisors LLC raised its position in shares of Exxon Mobil by 6.9% in the first quarter. Persium Advisors LLC now owns 6,061 shares of the oil and gas company's stock valued at $721,000 after buying an additional 389 shares in the last quarter. Gleason Group Inc. boosted its stake in shares of Exxon Mobil by 0.9% in the first quarter. Gleason Group Inc. now owns 16,535 shares of the oil and gas company's stock valued at $1,966,000 after buying an additional 148 shares during the period. Perkins Coie Trust Co grew its position in Exxon Mobil by 3.9% during the first quarter. Perkins Coie Trust Co now owns 8,011 shares of the oil and gas company's stock worth $953,000 after buying an additional 297 shares in the last quarter. Finally, Sunflower Bank N.A. increased its stake in Exxon Mobil by 2.3% during the 1st quarter. Sunflower Bank N.A. now owns 25,768 shares of the oil and gas company's stock worth $3,065,000 after acquiring an additional 589 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on XOM shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Exxon Mobil in a research report on Saturday, September 27th. Mizuho reduced their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Morgan Stanley boosted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Piper Sandler increased their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Finally, Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $125.00.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Performance

NYSE XOM opened at $113.25 on Monday. The firm's fifty day moving average price is $111.15 and its two-hundred day moving average price is $109.48. The stock has a market cap of $482.81 billion, a PE ratio of 16.09, a PEG ratio of 2.06 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating 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 company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter last year, the business posted $2.14 EPS. Exxon Mobil's revenue for the quarter was down 12.4% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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