My Legacy Advisors LLC Has $241,000 Stock Position in Exxon Mobil Corporation $XOM

Key Points

• My Legacy Advisors LLC reduced its Exxon Mobil holdings by 73.1%, selling 5,719 shares, and now owns 2,101 shares valued at $241,000.
• Recent analyst ratings have been largely positive, with UBS raising the target price to $143.00 and Bank of America to $120.00, while Exxon currently holds an average rating of "Hold".
• Exxon Mobil declared a quarterly dividend of $0.99 per share which reflects an annualized yield of 3.5% and a payout ratio of 56.25%.

My Legacy Advisors LLC cut its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 73.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,101 shares of the oil and gas company's stock after selling 5,719 shares during the quarter. My Legacy Advisors LLC's holdings in Exxon Mobil were worth $241,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Park Edge Advisors LLC lifted its stake in shares of Exxon Mobil by 0.3% during the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock worth $3,453,000 after buying an additional 91 shares during the period. Axis Wealth Partners LLC raised its position in shares of Exxon Mobil by 1.9% in the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after buying an additional 93 shares during the last quarter. Gagnon Securities LLC grew its holdings in Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after purchasing an additional 95 shares in the last quarter. Ascent Capital Management LLC increased its holdings in shares of Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after acquiring an additional 96 shares during the period. Finally, DDD Partners LLC boosted its holdings in shares of Exxon Mobil by 1.4% in the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock worth $810,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm'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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Piper Sandler boosted their price objective on Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. 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 report on Monday, September 15th. Melius initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective on the stock. Morgan Stanley boosted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $124.76.

Exxon Mobil Stock Down 1.0%

Shares of Exxon Mobil stock traded down $1.11 on Friday, hitting $112.82. The company had a trading volume of 38,732,208 shares, compared to its average volume of 14,867,029. The stock has a market capitalization of $480.98 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 2.06 and a beta of 0.57. The stock has a 50 day moving average of $110.54 and a 200-day moving average of $109.35. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. 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 (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $79.07 billion. During the same period last year, the firm earned $2.14 earnings per share. Exxon Mobil's quarterly revenue was down 12.4% on a year-over-year basis. As a group, sell-side 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 3.5%. Exxon Mobil's dividend payout ratio is currently 56.25%.

About Exxon Mobil

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.