Laurel Wealth Advisors LLC Sells 3,066,274 Shares of Exxon Mobil Corporation $XOM

Laurel Wealth Advisors LLC cut its position in Exxon Mobil Corporation (NYSE:XOM) by 99.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,832 shares of the oil and gas company’s stock after selling 3,066,274 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Exxon Mobil were worth $3,251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Westfuller Advisors LLC bought a new stake in shares of Exxon Mobil in the third quarter valued at approximately $30,000. Clayton Financial Group LLC bought a new position in shares of Exxon Mobil in the third quarter worth $40,000. TruNorth Capital Management LLC grew its position in shares of Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 335 shares in the last quarter. Bare Financial Services Inc raised its stake in shares of Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 201 shares during the period. Finally, Halbert Hargrove Global Advisors LLC lifted its holdings in Exxon Mobil by 95.8% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 181 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $152.55 on Monday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $156.93. The company’s fifty day moving average price is $135.64 and its 200-day moving average price is $121.77. The firm has a market capitalization of $635.62 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 15.82 and a beta of 0.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.67 EPS. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is presently 61.58%.

Insider Activity

In other news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the transaction, the vice president owned 23,584 shares in the company, valued at approximately $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 14,230 shares of company stock worth $1,888,421 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. Loop Capital set a $123.00 target price on Exxon Mobil in a report on Tuesday, February 3rd. Sanford C. Bernstein reduced their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. BMO Capital Markets reaffirmed a “market perform” rating and set a $155.00 target price on shares of Exxon Mobil in a report on Wednesday, February 4th. Citigroup raised their price target on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Finally, UBS Group restated a “buy” rating and set a $171.00 price target on shares of Exxon Mobil in a research report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $140.59.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.