Stokes Family Office LLC Sells 472 Shares of Exxon Mobil Corporation $XOM

Stokes Family Office LLC reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 167,664 shares of the oil and gas company’s stock after selling 472 shares during the quarter. Exxon Mobil comprises 1.9% of Stokes Family Office LLC’s portfolio, making the stock its 12th biggest holding. Stokes Family Office LLC’s holdings in Exxon Mobil were worth $18,074,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Fox Run Management L.L.C. bought a new stake in Exxon Mobil in the second quarter valued at approximately $1,017,000. Legacy Wealth Managment LLC ID increased its stake in shares of Exxon Mobil by 5.7% in the second quarter. Legacy Wealth Managment LLC ID now owns 2,414 shares of the oil and gas company’s stock worth $260,000 after buying an additional 130 shares during the period. Quadrant Private Wealth Management LLC raised its holdings in Exxon Mobil by 0.9% during the 2nd quarter. Quadrant Private Wealth Management LLC now owns 51,361 shares of the oil and gas company’s stock valued at $5,537,000 after buying an additional 439 shares during the last quarter. KCM Investment Advisors LLC boosted its position in Exxon Mobil by 1.4% during the 2nd quarter. KCM Investment Advisors LLC now owns 32,687 shares of the oil and gas company’s stock valued at $3,524,000 after buying an additional 449 shares during the period. Finally, Marco Investment Management LLC grew its holdings in Exxon Mobil by 0.9% in the 2nd quarter. Marco Investment Management LLC now owns 76,571 shares of the oil and gas company’s stock worth $8,254,000 after acquiring an additional 715 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of analyst reports. Barclays dropped 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Bank of America upped 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. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, UBS Group lifted their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.50.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’s 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 completion of the transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $117.19 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 $499.59 billion, a P/E ratio of 16.65, a P/E/G ratio of 2.06 and a beta of 0.49. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $113.45 and a two-hundred day simple moving average of $110.27.

Exxon Mobil (NYSE:XOM) last issued 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 analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be given a $1.03 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 59.88%.

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.