Exxon Mobil Corporation $XOM Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,168 shares of the oil and gas company’s stock after selling 698 shares during the quarter. Good Life Advisors LLC’s holdings in Exxon Mobil were worth $4,977,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. WASHINGTON TRUST Co lifted its stake in Exxon Mobil by 1.5% during the second quarter. WASHINGTON TRUST Co now owns 45,682 shares of the oil and gas company’s stock valued at $4,925,000 after purchasing an additional 697 shares during the last quarter. MV Capital Management Inc. boosted its holdings in shares of Exxon Mobil by 0.8% during the second quarter. MV Capital Management Inc. now owns 12,108 shares of the oil and gas company’s stock worth $1,305,000 after purchasing an additional 96 shares during the period. Cherokee Insurance Co purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at $5,218,000. Calamos Advisors LLC increased its position in Exxon Mobil by 1.9% in the 2nd quarter. Calamos Advisors LLC now owns 1,263,658 shares of the oil and gas company’s stock worth $136,222,000 after purchasing an additional 23,244 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its position in Exxon Mobil by 2.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 657,961 shares of the oil and gas company’s stock valued at $70,928,000 after acquiring an additional 18,233 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $118.74 on Thursday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The stock has a market capitalization of $500.75 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 2.06 and a beta of 0.49. 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 stock has a 50-day simple moving average of $113.75 and a 200 day simple moving average of $110.50.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Barclays lowered their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Mizuho cut their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Finally, Wells Fargo & Company assumed coverage on Exxon Mobil in a report on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $128.67.

Insider Transactions at Exxon Mobil

In other Exxon Mobil 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 value of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.