180 Wealth Advisors LLC Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

180 Wealth Advisors LLC lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 58,985 shares of the oil and gas company’s stock after selling 2,667 shares during the period. Exxon Mobil comprises about 1.3% of 180 Wealth Advisors LLC’s investment portfolio, making the stock its 8th biggest position. 180 Wealth Advisors LLC’s holdings in Exxon Mobil were worth $5,164,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Exxon Mobil by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock valued at $30,098,496,000 after purchasing an additional 8,825,023 shares during the last quarter. State Street Corp boosted its position in Exxon Mobil by 0.4% during the 4th quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock valued at $15,494,002,000 after buying an additional 1,128,974 shares during the period. Norges Bank purchased a new stake in Exxon Mobil during the 4th quarter valued at $3,184,424,000. GQG Partners LLC boosted its position in Exxon Mobil by 59.9% during the 1st quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock valued at $4,277,527,000 after buying an additional 19,403,556 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Exxon Mobil by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after buying an additional 560,517 shares during the period. Institutional investors own 56.84% of the company’s stock.

Exxon Mobil Stock Down 1.7 %

NYSE:XOM opened at $93.21 on Monday. The firm has a market cap of $388.47 billion, a P/E ratio of 10.20, a P/E/G ratio of 0.31 and a beta of 1.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. Exxon Mobil Co. has a fifty-two week low of $52.96 and a fifty-two week high of $105.57. The firm has a 50-day simple moving average of $92.47 and a two-hundred day simple moving average of $89.62.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping analysts’ consensus estimates of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. During the same period in the previous year, the business posted $1.10 earnings per share. The business’s revenue for the quarter was up 70.8% on a year-over-year basis. Analysts predict that Exxon Mobil Co. will post 12.69 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.78%. Exxon Mobil’s dividend payout ratio is presently 38.51%.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Truist Financial dropped their price target on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research report on Tuesday, July 19th. Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their price target for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. HSBC increased their price target on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a research report on Wednesday, July 20th. The Goldman Sachs Group raised their target price on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Finally, Piper Sandler dropped their target price on shares of Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating for the company in a research report on Monday, September 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $96.69.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares in the company, valued at $2,635,839.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares in the company, valued at $2,635,839.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey W. Ubben acquired 960,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average cost of $88.51 per share, for a total transaction of $84,969,600.00. Following the acquisition, the director now owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

About Exxon Mobil

(Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMGet Rating).

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.