Exxon Mobil Corporation $XOM Holdings Decreased by GWN Securities Inc.

GWN Securities Inc. reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 81.1% during the second quarter, Holdings Channel.com reports. The firm owned 7,217 shares of the oil and gas company’s stock after selling 30,877 shares during the period. GWN Securities Inc.’s holdings in Exxon Mobil were worth $780,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Alexander Labrunerie & CO. Inc. raised its stake in shares of Exxon Mobil by 0.8% during the second quarter. Alexander Labrunerie & CO. Inc. now owns 48,030 shares of the oil and gas company’s stock valued at $5,178,000 after purchasing an additional 381 shares in the last quarter. Advisory Alpha LLC raised its stake in shares of Exxon Mobil by 7.4% during the second quarter. Advisory Alpha LLC now owns 38,287 shares of the oil and gas company’s stock valued at $4,128,000 after purchasing an additional 2,654 shares in the last quarter. Rossby Financial LCC raised its stake in shares of Exxon Mobil by 4.0% during the second quarter. Rossby Financial LCC now owns 9,355 shares of the oil and gas company’s stock valued at $1,008,000 after purchasing an additional 357 shares in the last quarter. Facet Wealth Inc. raised its stake in shares of Exxon Mobil by 52.9% during the second quarter. Facet Wealth Inc. now owns 6,251 shares of the oil and gas company’s stock valued at $698,000 after purchasing an additional 2,162 shares in the last quarter. Finally, Shilanski & Associates Inc. raised its stake in shares of Exxon Mobil by 1.5% during the second quarter. Shilanski & Associates Inc. now owns 59,650 shares of the oil and gas company’s stock valued at $6,430,000 after purchasing an additional 892 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

XOM stock opened at $115.07 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The firm has a market capitalization of $490.56 billion, a PE ratio of 16.34, a P/E/G ratio of 2.06 and a beta of 0.51. The firm has a 50-day moving average of $112.92 and a two-hundred day moving average of $109.74.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 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, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Insider Buying and Selling

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 completion of the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on XOM shares. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Piper Sandler set a $141.00 target price on Exxon Mobil in a report on Tuesday, October 7th. Morgan Stanley lifted their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Melius Research initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Two investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.58.

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.