Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Lowers Stock Position in Exxon Mobil Corporation $XOM

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in Exxon Mobil Corporation by 1.1%, owning 380,781 shares valued at approximately $41 million.
• Several institutional investors recently increased their positions in Exxon Mobil, including Clal Insurance, which boosted its stake by 396.7%, and Game Plan Financial Advisors, which increased theirs by 1,500%.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Exxon Mobil, with a price target averaging around $127.58, despite mixed opinions on potential price movements.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 380,781 shares of the oil and gas company's stock after selling 4,155 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Exxon Mobil were worth $41,048,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $29,000. Elequin Capital LP bought a new position in Exxon Mobil during the first quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of 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 worth $35,000 after purchasing an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC increased its stake in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Barclays reduced their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research note on Tuesday, October 7th. UBS Group boosted their price objective on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a research note on Monday, October 13th. Melius started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price for the company. Finally, Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus price target of $127.58.

Exxon Mobil Trading Down 0.5%

Shares of XOM opened at $115.39 on Friday. The firm has a market cap of $491.94 billion, a price-to-earnings ratio of 16.39, 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 $123.21. The firm has a 50 day moving average price of $112.58 and a 200-day moving average price of $109.48.

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 for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, equities research analysts forecast 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. Stockholders of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on 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 directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company's stock.

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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