Exxon Mobil Co. (NYSE:XOM) Shares Sold by IAG Wealth Partners LLC

IAG Wealth Partners LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 49.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 924 shares of the oil and gas company’s stock after selling 919 shares during the quarter. IAG Wealth Partners LLC’s holdings in Exxon Mobil were worth $106,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil during the first quarter worth about $25,000. First Pacific Financial bought a new position in Exxon Mobil during the 1st quarter worth $34,000. Partnership Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter valued at $46,000. Lynx Investment Advisory acquired a new position in shares of Exxon Mobil during the second quarter valued at $47,000. Finally, Vima LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XOM. HSBC increased their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Wolfe Research assumed coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. Barclays cut their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Piper Sandler raised their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.39.

Exxon Mobil Stock Up 0.1 %

NYSE:XOM traded up $0.06 during trading hours on Thursday, reaching $119.01. The company’s stock had a trading volume of 5,806,140 shares, compared to its average volume of 17,229,115. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The business’s 50-day moving average is $114.49 and its 200-day moving average is $113.19. The company has a market cap of $469.26 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period in the previous year, the company earned $1.94 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.19%. Exxon Mobil’s payout ratio is 46.57%.

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.