Godsey & Gibb Inc. Cuts Stock Holdings in Exxon Mobil Corporation $XOM

Godsey & Gibb Inc. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 50,046 shares of the oil and gas company’s stock after selling 370 shares during the period. Godsey & Gibb Inc.’s holdings in Exxon Mobil were worth $5,395,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Axis Wealth Partners LLC raised its stake in Exxon Mobil by 1.8% during the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock valued at $545,000 after acquiring an additional 90 shares during the last quarter. Park Edge Advisors LLC raised its stake in Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after acquiring an additional 91 shares during the last quarter. Willow Creek Wealth Management Inc. raised its stake in Exxon Mobil by 3.6% during the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after acquiring an additional 91 shares during the last quarter. Chapin Davis Inc. raised its stake in Exxon Mobil by 2.1% during the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock valued at $497,000 after acquiring an additional 93 shares during the last quarter. Finally, Gagnon Securities LLC raised its stake in Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock valued at $860,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.0%

Shares of NYSE XOM opened at $112.90 on Friday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $124.26. The firm has a fifty day moving average of $111.30 and a 200-day moving average of $109.52. The stock has a market capitalization of $481.32 billion, a PE ratio of 16.04, a P/E/G ratio of 2.06 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. During the same period in the previous year, the company earned $2.14 EPS. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders 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 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is currently 56.25%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction on 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 $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on XOM shares. Bank of America upped their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. UBS Group raised their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Finally, Melius assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.95.

Exxon Mobil Company 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.