Moran Wealth Management LLC Sells 4,279 Shares of Exxon Mobil Corporation $XOM

Key Points

• Moran Wealth Management LLC sold 4,279 shares of Exxon Mobil, reducing its ownership by 4.8% to a total of 84,390 shares valued at $9,097,000.
• Exxon Mobil announced a quarterly dividend of $0.99 per share, reflecting a 3.6% yield and a payout ratio of 56.25%.
• The stock is currently trading at $110.71, showing a decline of 0.8%, with a 52-week trading range between $97.80 and $123.21.

Moran Wealth Management LLC decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,390 shares of the oil and gas company's stock after selling 4,279 shares during the period. Moran Wealth Management LLC's holdings in Exxon Mobil were worth $9,097,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Bank of New York Mellon Corp raised its position in shares of Exxon Mobil by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after buying an additional 1,340,343 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Exxon Mobil by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock valued at $3,850,167,000 after buying an additional 512,860 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock valued at $3,213,848,000 after buying an additional 2,639,797 shares during the last quarter. Amundi raised its position in shares of Exxon Mobil by 9.7% during the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock valued at $2,966,598,000 after buying an additional 2,329,964 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Exxon Mobil by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock valued at $3,028,968,000 after buying an additional 909,386 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.8%

NYSE XOM opened at $110.71 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $111.72 and a two-hundred day moving average of $109.30. The firm has a market capitalization of $471.98 billion, a price-to-earnings ratio of 15.73, a PEG 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.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company 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%. On average, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company 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. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

Analyst Ratings Changes

Several research firms have recently issued reports on XOM. Barclays reduced their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 7th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Melius Research began coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. UBS Group raised their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a report on Monday. Finally, Morgan Stanley raised their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $126.05.

Insider Buying and Selling

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 shares were 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 directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

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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