Comprehensive Financial Consultants Institutional Inc. Sells 195 Shares of Exxon Mobil Corporation $XOM

Comprehensive Financial Consultants Institutional Inc. reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,960 shares of the oil and gas company’s stock after selling 195 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Exxon Mobil were worth $427,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Journey Strategic Wealth LLC boosted its holdings in shares of Exxon Mobil by 6.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock worth $2,608,000 after buying an additional 1,379 shares during the period. Jones Financial Companies Lllp boosted its holdings in Exxon Mobil by 52.3% in the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock valued at $45,149,000 after purchasing an additional 131,600 shares during the period. Legacy Trust boosted its holdings in Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company’s stock valued at $1,054,000 after purchasing an additional 997 shares during the period. Hartford Funds Management Co LLC boosted its holdings in Exxon Mobil by 51.8% in the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock valued at $912,000 after purchasing an additional 2,617 shares during the period. Finally, Phoenix Financial Ltd. boosted its holdings in Exxon Mobil by 23.9% in the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company’s stock valued at $11,561,000 after purchasing an additional 18,752 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 0.2%

Shares of Exxon Mobil stock opened at $114.08 on Thursday. The stock has a market capitalization of $486.35 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 2.07 and a beta of 0.51. 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 50-day simple moving average of $111.28 and a 200 day simple moving average of $109.54. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $124.26.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 9.17% and a return on equity of 11.34%. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the company posted $2.14 EPS. Research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on XOM. Melius Research began coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a report on Tuesday. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Bank of America increased their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Finally, TD Cowen increased their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.79.

Insider Activity

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

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.