Exxon Mobil Corporation $XOM Shares Sold by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,033 shares of the oil and gas company’s stock after selling 410 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Exxon Mobil were worth $1,513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Journey Strategic Wealth LLC boosted its holdings in 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 valued at $2,608,000 after acquiring an additional 1,379 shares during the period. Jones Financial Companies Lllp boosted its holdings in Exxon Mobil by 52.3% during 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 acquiring an additional 131,600 shares during the period. Hartford Funds Management Co LLC boosted its holdings in Exxon Mobil by 51.8% during 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 acquiring an additional 2,617 shares during the period. Phoenix Financial Ltd. boosted its holdings in Exxon Mobil by 23.9% during 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 acquiring an additional 18,752 shares during the period. Finally, SteelPeak Wealth LLC boosted its holdings in Exxon Mobil by 24.2% during the 1st quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company’s stock valued at $4,605,000 after acquiring an additional 7,543 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America raised their target price on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Melius initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Piper Sandler set a $141.00 price target on Exxon Mobil in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $127.58.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Price Performance

XOM stock opened at $112.20 on Friday. The business has a 50 day moving average price of $111.83 and a 200 day moving average price of $109.19. The stock has a market cap of $478.34 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.02 and a beta of 0.51. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21. 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 (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

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.