Exxon Mobil Co. (NYSE:XOM) Shares Sold by WMG Financial Advisors LLC



WMG Financial Advisors LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 7.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 11,772 shares of the oil and gas company’s stock after selling 1,004 shares during the period. WMG Financial Advisors LLC’s holdings in Exxon Mobil were worth $972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in Exxon Mobil by 0.4% in the 4th quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock valued at $15,494,002,000 after purchasing an additional 1,128,974 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Exxon Mobil by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock valued at $4,322,078,000 after buying an additional 3,441,825 shares during the period. Norges Bank purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $3,184,424,000. GQG Partners LLC grew its holdings in Exxon Mobil by 21.8% during the fourth quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock worth $1,982,114,000 after acquiring an additional 5,807,202 shares during the period. Finally, Charles Schwab Investment Management Inc. its raised position in Exxon Mobil by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. Now owns 30,619,880 shares of the oil and gas company’s stock worth $1,873,632,000 after acquiring an additional 164,733 shares in the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. Cowen upped their price target on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Trust Financial lifted their price target on shares of Exxon Mobil from $75.00 to $84.00 in a research report on Thursday, April 21st. The Goldman Sachs Group upped their price target on Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Citigroup lifted their objective price on Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, May 19th. Finally, Argus upped their target price on Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $89.24.

In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the transaction, the vice president now owns 32,510 shares in the company, valued at $3,142,091.50. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by insiders.

Shares of XOM opened at $88.12 on Thursday. Exxon Mobil Co. has a fifty-two week low of $52.10 and a fifty-two week high of $105.57. The company has a market capitalization of $371.21 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 0.35 and a beta of 1.05. The stock has a fifty day moving average of $91.55 and a two-hundred day moving average of $81.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07.

Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The business had revenue of $90.50 billion during the quarter, compared to analyst estimates of $83.57 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business’s revenue for the quarter was up 53.0% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil Co. will post 10.26 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were given a $0.88 dividend. The ex-dividend date was Thursday, May 12th. This represents a $3.52 annualized dividend and a dividend yield of 3.99%. Exxon Mobil’s dividend payout ratio is presently 58.37%.

Exxon Mobil Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)



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