Exxon Mobil Co. (NYSE:XOM) Shares Sold by IAG Wealth Partners LLC

IAG Wealth Partners LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 49.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 924 shares of the oil and gas company’s stock after selling 919 shares during the period. IAG Wealth Partners LLC’s holdings in Exxon Mobil were worth $106,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in XOM. Cornerstone Wealth Management LLC increased its position in shares of Exxon Mobil by 20.5% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 73,843 shares of the oil and gas company’s stock valued at $8,501,000 after purchasing an additional 12,572 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Exxon Mobil by 4.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 299,426 shares of the oil and gas company’s stock valued at $34,470,000 after buying an additional 13,388 shares in the last quarter. Holland Advisory Services Inc. boosted its holdings in shares of Exxon Mobil by 3.3% in the second quarter. Holland Advisory Services Inc. now owns 5,708 shares of the oil and gas company’s stock worth $657,000 after buying an additional 185 shares during the period. Tsfg LLC raised its holdings in shares of Exxon Mobil by 1.1% during the second quarter. Tsfg LLC now owns 11,349 shares of the oil and gas company’s stock valued at $1,307,000 after acquiring an additional 128 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Exxon Mobil by 18.8% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 10,334 shares of the oil and gas company’s stock valued at $1,190,000 after acquiring an additional 1,635 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on XOM shares. Barclays decreased their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Truist Financial reduced their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. HSBC lifted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Finally, Sanford C. Bernstein decreased their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $134.39.

Exxon Mobil Stock Performance

Shares of XOM stock traded up $0.06 on Thursday, hitting $119.01. 5,806,140 shares of the stock were exchanged, compared to its average volume of 17,229,115. The firm has a market capitalization of $469.26 billion, a PE ratio of 14.59, a P/E/G ratio of 4.51 and a beta of 0.91. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $114.49 and its two-hundred day moving average is $113.19. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.