Alpha Financial Partners LLC Sells 154 Shares of Exxon Mobil Co. (NYSE:XOM)

Alpha Financial Partners LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,632 shares of the oil and gas company’s stock after selling 154 shares during the period. Alpha Financial Partners LLC’s holdings in Exxon Mobil were worth $533,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of XOM. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil during the 1st quarter worth $25,000. Anfield Capital Management LLC lifted its holdings in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares during the last quarter. POM Investment Strategies LLC lifted its holdings in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the last quarter. Lynx Investment Advisory bought a new stake in shares of Exxon Mobil during the 2nd quarter worth $47,000. Finally, Vima LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth $50,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 1.3 %

Shares of NYSE:XOM opened at $114.22 on Wednesday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a market cap of $450.37 billion, a PE ratio of 14.00, a P/E/G ratio of 4.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The stock’s 50-day moving average is $115.73 and its 200 day moving average is $115.25.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.33%. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. UBS Group lifted their price objective on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Truist Financial cut their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Sanford C. Bernstein decreased their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Morgan Stanley lowered their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.24.

About Exxon Mobil

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.