GDS Wealth Management Cuts Stock Position in Exxon Mobil Corporation $XOM

GDS Wealth Management lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,457 shares of the oil and gas company’s stock after selling 2,390 shares during the quarter. GDS Wealth Management’s holdings in Exxon Mobil were worth $5,116,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ensign Peak Advisors Inc grew its stake in Exxon Mobil by 1.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 5,245,989 shares of the oil and gas company’s stock worth $565,518,000 after buying an additional 81,780 shares during the last quarter. Quilter Plc boosted its holdings in Exxon Mobil by 13.5% in the second quarter. Quilter Plc now owns 694,361 shares of the oil and gas company’s stock worth $74,852,000 after acquiring an additional 82,428 shares in the last quarter. Empirical Finance LLC raised its position in shares of Exxon Mobil by 0.6% in the 2nd quarter. Empirical Finance LLC now owns 157,354 shares of the oil and gas company’s stock valued at $16,963,000 after purchasing an additional 924 shares during the last quarter. Nicholas Wealth LLC. increased its stake in Exxon Mobil by 17.4% during the 2nd quarter. Nicholas Wealth LLC. now owns 13,288 shares of the oil and gas company’s stock valued at $1,432,000 after purchasing an additional 1,966 shares in the last quarter. Finally, Copperleaf Capital LLC grew its holdings in shares of Exxon Mobil by 7.2% during the second quarter. Copperleaf Capital LLC now owns 2,849 shares of the oil and gas company’s stock valued at $307,000 after buying an additional 192 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 1.4%

Exxon Mobil stock opened at $117.36 on Thursday. The business’s 50-day moving average price is $114.50 and its 200 day moving average price is $110.90. 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 market cap of $494.91 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. This is a boost 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 currently 59.88%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 completion of the transaction, the vice president 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on XOM. Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Piper Sandler raised their price objective on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Bank of America lifted their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Finally, UBS Group raised their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $128.67.

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.