Northwest Financial Advisors Reduces Stock Position in Exxon Mobil Corporation $XOM

Northwest Financial Advisors trimmed its position in Exxon Mobil Corporation (NYSE:XOM) by 51.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,892 shares of the oil and gas company’s stock after selling 3,019 shares during the quarter. Northwest Financial Advisors’ holdings in Exxon Mobil were worth $312,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil in the 1st quarter worth $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil in the 1st quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares during the period. Game Plan Financial Advisors LLC lifted its holdings in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after buying an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA purchased a new stake in shares of Exxon Mobil in the 2nd quarter worth $38,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated 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 directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

XOM has been the subject of several research reports. Piper Sandler set a $141.00 target price on Exxon Mobil in a report on Tuesday, October 7th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. UBS Group upped their price objective on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Melius assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.58.

Exxon Mobil Trading Up 1.1%

Shares of NYSE:XOM opened at $116.34 on Thursday. The business’s 50-day moving average is $113.08 and its 200 day moving average is $109.83. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The firm has a market capitalization of $496.00 billion, a P/E ratio of 16.53, a P/E/G ratio of 2.04 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM) last announced its earnings results 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 company had revenue of $57.55 billion for the quarter. On average, research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm 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. This represents a $3.96 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Exxon Mobil Company 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.