Amplius Wealth Advisors LLC Sells 1,130 Shares of Exxon Mobil Corporation $XOM

Amplius Wealth Advisors LLC lessened its stake in Exxon Mobil Corporation (NYSE:XOM) by 14.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,500 shares of the oil and gas company’s stock after selling 1,130 shares during the period. Amplius Wealth Advisors LLC’s holdings in Exxon Mobil were worth $701,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of XOM. Eagle Capital Management LLC raised its position in Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the last quarter. Brucke Financial Inc. grew its holdings in Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after acquiring an additional 142 shares during the period. Golden State Wealth Management LLC grew its holdings in Exxon Mobil by 3.9% during the 1st quarter. Golden State Wealth Management LLC now owns 9,659 shares of the oil and gas company’s stock worth $1,149,000 after acquiring an additional 360 shares during the period. Smith Group Asset Management LLC grew its holdings in Exxon Mobil by 4.8% during the 1st quarter. Smith Group Asset Management LLC now owns 154,772 shares of the oil and gas company’s stock worth $18,407,000 after acquiring an additional 7,062 shares during the period. Finally, RoundAngle Advisors LLC grew its holdings in Exxon Mobil by 3.0% during the 1st quarter. RoundAngle Advisors LLC now owns 13,600 shares of the oil and gas company’s stock worth $1,617,000 after acquiring an additional 392 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of a number of analyst reports. Barclays lowered their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Bank of America lifted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. UBS Group lifted their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Finally, Melius Research assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $127.00.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM stock opened at $114.52 on Friday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The firm has a market capitalization of $488.21 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 2.06 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 firm has a fifty day moving average of $113.26 and a 200-day moving average of $109.94.

Exxon Mobil (NYSE:XOM) last announced its quarterly 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 net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion during the quarter. On average, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

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.