McClarren Financial Advisors Inc. Sells 1,138 Shares of Exxon Mobil Co. (NYSE:XOM)

McClarren Financial Advisors Inc. lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 71.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 460 shares of the oil and gas company’s stock after selling 1,138 shares during the quarter. McClarren Financial Advisors Inc.’s holdings in Exxon Mobil were worth $53,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of XOM. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil during the 1st quarter worth $25,000. First Pacific Financial acquired a new stake in shares of Exxon Mobil during the first quarter worth $34,000. POM Investment Strategies LLC grew its stake in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the period. Lynx Investment Advisory acquired a new position in Exxon Mobil in the second quarter valued at about $47,000. Finally, Partnership Wealth Management LLC bought a new position in Exxon Mobil during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group upped their price target on Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Mizuho increased their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Wolfe Research initiated coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Truist Financial reduced their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $134.56.

Exxon Mobil Stock Down 1.0 %

Shares of XOM stock traded down $1.16 during trading on Wednesday, reaching $116.52. The company’s stock had a trading volume of 10,711,255 shares, compared to its average volume of 16,963,654. The company has a market cap of $459.44 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The business has a fifty day moving average price of $115.35 and a 200-day moving average price of $114.05. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 EPS. Analysts anticipate that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Exxon Mobil 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.