Stratos Wealth Advisors LLC Sells 882 Shares of Exxon Mobil Corporation $XOM

Stratos Wealth Advisors LLC lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 2.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 43,394 shares of the oil and gas company’s stock after selling 882 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Exxon Mobil were worth $4,678,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Axis Wealth Partners LLC boosted its holdings in Exxon Mobil by 1.8% in the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock valued at $545,000 after acquiring an additional 90 shares in the last quarter. Park Edge Advisors LLC boosted its holdings in Exxon Mobil by 0.3% in the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after acquiring an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. boosted its holdings in Exxon Mobil by 3.6% in the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after acquiring an additional 91 shares in the last quarter. Chapin Davis Inc. lifted its position in Exxon Mobil by 2.1% during the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock valued at $497,000 after buying an additional 93 shares during the period. Finally, Cascade Investment Group Inc. lifted its position in Exxon Mobil by 2.1% during the second quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock valued at $476,000 after buying an additional 93 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. UBS Group raised their price objective on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Barclays lowered their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Wells Fargo & Company assumed coverage on Exxon Mobil in a research report on Friday. They set an “overweight” rating and a $156.00 price objective for the company. Mizuho lowered their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Finally, Piper Sandler set a $141.00 price objective on Exxon Mobil in a research report on Tuesday, October 7th. Two research 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 stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $127.58.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’s 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 transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $112.20 on Monday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The company has a market capitalization of $478.35 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. The firm has a 50 day moving average of $111.83 and a 200 day moving average of $109.16. 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 released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion for the quarter. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

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.