McLean Asset Management Corp Sells 594 Shares of Exxon Mobil Corporation $XOM

McLean Asset Management Corp trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 10.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,328 shares of the oil and gas company’s stock after selling 594 shares during the quarter. McLean Asset Management Corp’s holdings in Exxon Mobil were worth $592,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in XOM. Jacobs Levy Equity Management Inc. lifted its holdings in Exxon Mobil by 300.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company’s stock worth $1,534,000 after purchasing an additional 10,697 shares in the last quarter. Redwood Investment Management LLC lifted its holdings in Exxon Mobil by 31.5% during the 4th quarter. Redwood Investment Management LLC now owns 11,156 shares of the oil and gas company’s stock worth $1,200,000 after purchasing an additional 2,672 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in Exxon Mobil during the 4th quarter worth about $1,138,000. Sherbrooke Park Advisers LLC purchased a new stake in Exxon Mobil during the 4th quarter worth about $977,000. Finally, SGL Investment Advisors Inc. lifted its holdings in Exxon Mobil by 13.8% during the 4th quarter. SGL Investment Advisors Inc. now owns 2,110 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $112.21 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $478.38 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. The business’s 50-day moving average price is $110.55 and its 200-day moving average price is $109.15. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company’s revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.14 EPS. Sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio is 56.25%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. UBS Group upped their target price on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Piper Sandler upped their target price on Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Melius assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Finally, Morgan Stanley upped their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Hold” and an average price target of $124.81.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

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.