IFP Advisors Inc Sells 11,725 Shares of Exxon Mobil Corporation $XOM

Key Points

• IFP Advisors Inc reduced its holdings in Exxon Mobil Corporation by 6.9%, selling 11,725 shares during the second quarter and retaining a total of 158,450 shares worth approximately $17.15 million.
• Exxon Mobil stock has a consensus rating of "Moderate Buy" with a consensus target price of $125.95, as multiple analysts have set varying price targets between $111.00 and $141.00.
• The company recently announced a quarterly dividend of $0.99 per share, translating to an annual yield of 3.6% with a payout ratio of 56.25%.

IFP Advisors Inc reduced its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 158,450 shares of the oil and gas company's stock after selling 11,725 shares during the quarter. IFP Advisors Inc's holdings in Exxon Mobil were worth $17,152,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Journey Strategic Wealth LLC grew its position in shares of Exxon Mobil by 6.7% in the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after buying an additional 1,379 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Exxon Mobil by 52.3% in the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock worth $45,149,000 after buying an additional 131,600 shares in the last quarter. Hartford Funds Management Co LLC raised its stake in Exxon Mobil by 51.8% in the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after buying an additional 2,617 shares in the last quarter. Phoenix Financial Ltd. raised its stake in Exxon Mobil by 23.9% in the first quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock worth $11,561,000 after buying an additional 18,752 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its stake in Exxon Mobil by 24.2% in the first quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company's stock worth $4,605,000 after buying an additional 7,543 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Piper Sandler set a $141.00 price target on Exxon Mobil in a research report on Tuesday, October 7th. Morgan Stanley lifted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Bank of America lifted their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Melius Research assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Finally, Barclays dropped their price target on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.95.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.03% of the company's stock.

Exxon Mobil Stock Down 1.8%

Shares of NYSE:XOM opened at $110.93 on Monday. The stock has a fifty day simple moving average of $111.32 and a two-hundred day simple moving average of $109.36. The stock has a market capitalization of $472.93 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.00 and a beta of 0.51. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $124.26. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil's payout ratio is presently 56.25%.

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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