Exxon Mobil Co. (NYSE:XOM) Shares Sold by MorganRosel Wealth Management LLC

MorganRosel Wealth Management LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 17.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,036 shares of the oil and gas company’s stock after selling 426 shares during the period. MorganRosel Wealth Management LLC’s holdings in Exxon Mobil were worth $239,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Carnegie Investment Counsel grew its position in shares of Exxon Mobil by 0.8% during the third quarter. Carnegie Investment Counsel now owns 50,331 shares of the oil and gas company’s stock worth $5,899,000 after buying an additional 385 shares in the last quarter. Retirement Planning Group LLC increased its position in shares of Exxon Mobil by 73.1% in the 3rd quarter. Retirement Planning Group LLC now owns 14,473 shares of the oil and gas company’s stock worth $1,697,000 after purchasing an additional 6,110 shares during the last quarter. InTrack Investment Management Inc raised its stake in shares of Exxon Mobil by 3.0% in the 3rd quarter. InTrack Investment Management Inc now owns 12,566 shares of the oil and gas company’s stock valued at $1,473,000 after purchasing an additional 370 shares in the last quarter. HCR Wealth Advisors lifted its position in shares of Exxon Mobil by 2.4% during the third quarter. HCR Wealth Advisors now owns 21,041 shares of the oil and gas company’s stock worth $2,467,000 after purchasing an additional 489 shares during the last quarter. Finally, Avondale Wealth Management grew its stake in Exxon Mobil by 3.9% in the third quarter. Avondale Wealth Management now owns 6,806 shares of the oil and gas company’s stock worth $798,000 after purchasing an additional 255 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XOM has been the topic of a number of research analyst reports. BMO Capital Markets increased their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. UBS Group dropped their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday. Truist Financial dropped their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Finally, Wells Fargo & Company lifted their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.88.

Exxon Mobil Price Performance

NYSE XOM opened at $123.61 on Friday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The firm has a market capitalization of $487.40 billion, a PE ratio of 15.15, a P/E/G ratio of 5.02 and a beta of 0.89. The company’s 50 day simple moving average is $116.90 and its 200 day simple moving average is $116.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

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.