Huntleigh Advisors Inc. Sells 24,376 Shares of Exxon Mobil Corporation $XOM

Key Points

• Huntleigh Advisors Inc. sold 24,376 shares of Exxon Mobil, reducing its stake by 83.2%, resulting in ownership of just 4,912 shares valued at approximately $530,000.
• Exxon Mobil has a current market cap of $478.35 billion and opened at $112.20, with a 52-week range between $97.80 and $123.21.
• The company announced a quarterly dividend of $0.99, which represents an annual yield of 3.5% and has a payout ratio of 56.25%.

Huntleigh Advisors Inc. trimmed its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 83.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,912 shares of the oil and gas company's stock after selling 24,376 shares during the period. Huntleigh Advisors Inc.'s holdings in Exxon Mobil were worth $530,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in XOM. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil during the 1st quarter valued at about $29,000. Elequin Capital LP purchased a new stake in Exxon Mobil during the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd grew its stake in Exxon Mobil by 396.7% during 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 last quarter. Game Plan Financial Advisors LLC grew its stake in Exxon Mobil by 1,500.0% during 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 last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new stake in Exxon Mobil during the 2nd quarter valued at about $38,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 1.4%

Exxon Mobil stock opened at $112.20 on Monday. The firm has a market cap of $478.35 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. The business's 50-day moving average price is $111.83 and its 200 day moving average price is $109.16. 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 (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was 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 of the company's stock, valued at approximately $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 accessible through this hyperlink. Insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on XOM shares. Mizuho dropped their price target on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Bank of America boosted their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. Finally, Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $127.58.

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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