Marotta Asset Management Sells 412 Shares of Exxon Mobil Corporation $XOM

Marotta Asset Management lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,171 shares of the oil and gas company’s stock after selling 412 shares during the quarter. Marotta Asset Management’s holdings in Exxon Mobil were worth $450,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. LVM Capital Management Ltd. MI grew its stake in Exxon Mobil by 0.8% during the 2nd quarter. LVM Capital Management Ltd. MI now owns 250,395 shares of the oil and gas company’s stock worth $26,993,000 after buying an additional 2,046 shares during the last quarter. Confluence Investment Management LLC grew its stake in Exxon Mobil by 2.0% during the 2nd quarter. Confluence Investment Management LLC now owns 6,197 shares of the oil and gas company’s stock worth $668,000 after buying an additional 123 shares during the last quarter. Kera Capital Partners Inc. grew its stake in Exxon Mobil by 19.6% during the 2nd quarter. Kera Capital Partners Inc. now owns 3,885 shares of the oil and gas company’s stock worth $419,000 after buying an additional 636 shares during the last quarter. Private Client Services LLC grew its stake in Exxon Mobil by 27.1% during the 2nd quarter. Private Client Services LLC now owns 12,410 shares of the oil and gas company’s stock worth $1,338,000 after buying an additional 2,646 shares during the last quarter. Finally, BancFirst Trust & Investment Management purchased a new position in Exxon Mobil during the 2nd quarter worth $35,915,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several research analyst reports. Piper Sandler boosted their target price on Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Finally, Bank of America lifted their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday. 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $124.81.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.21 on Friday. The stock has a market cap of $478.38 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. The business has a 50-day simple moving average of $110.55 and a 200-day simple moving average of $109.15. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.14 EPS. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s payout ratio is 56.25%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.

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.