Philip James Wealth Mangement LLC Sells 7,201 Shares of Exxon Mobil Corporation $XOM

Key Points

• Philip James Wealth Management LLC reduced its Exxon Mobil stake by 1.5%, selling 7,201 shares, and now holds 469,721 shares valued at approximately $50.6 million.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, reflecting a 3.5% yield and a payout ratio of 56.25%.
• Analysts have varied price targets for Exxon Mobil, with UBS raising its target from $130 to $143 and Wells Fargo setting a target of $127, while the consensus price target stands at $125.

Philip James Wealth Mangement LLC cut its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 469,721 shares of the oil and gas company's stock after selling 7,201 shares during the period. Exxon Mobil accounts for 6.5% of Philip James Wealth Mangement LLC's holdings, making the stock its 2nd largest position. Philip James Wealth Mangement LLC's holdings in Exxon Mobil were worth $50,636,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Vicus Capital boosted its stake in shares of Exxon Mobil by 5.8% in the second quarter. Vicus Capital now owns 16,978 shares of the oil and gas company's stock worth $1,830,000 after acquiring an additional 926 shares during the last quarter. Naples Global Advisors LLC boosted its stake in shares of Exxon Mobil by 32.3% in the second quarter. Naples Global Advisors LLC now owns 102,945 shares of the oil and gas company's stock worth $11,097,000 after acquiring an additional 25,108 shares during the last quarter. Pure Financial Advisors LLC boosted its stake in shares of Exxon Mobil by 64.5% in the second quarter. Pure Financial Advisors LLC now owns 59,037 shares of the oil and gas company's stock worth $6,364,000 after acquiring an additional 23,141 shares during the last quarter. RKL Wealth Management LLC boosted its stake in shares of Exxon Mobil by 0.6% in the second quarter. RKL Wealth Management LLC now owns 22,211 shares of the oil and gas company's stock worth $2,394,000 after acquiring an additional 142 shares during the last quarter. Finally, Clarity Financial LLC boosted its stake in shares of Exxon Mobil by 9.2% in the second quarter. Clarity Financial LLC now owns 141,900 shares of the oil and gas company's stock worth $15,297,000 after acquiring an additional 11,940 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

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 stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

NYSE:XOM opened at $113.25 on Friday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. 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 market capitalization of $482.81 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.06 and a beta of 0.51. The stock's fifty day moving average is $111.15 and its two-hundred day moving average is $109.52.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $79.07 billion. During the same quarter in the previous year, the business earned $2.14 earnings per share. The company's revenue for the quarter was down 12.4% on a year-over-year basis. Equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.99 dividend. 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 payout ratio is currently 56.25%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on XOM shares. Melius Research started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target on the stock. 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. UBS Group boosted their price objective on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Piper Sandler boosted their price objective on Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Finally, Mizuho lowered their price objective 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $125.00.

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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