Goldstone Financial Group LLC Decreases Stock Holdings in Exxon Mobil Corporation $XOM

Goldstone Financial Group LLC lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,522 shares of the oil and gas company’s stock after selling 379 shares during the quarter. Goldstone Financial Group LLC’s holdings in Exxon Mobil were worth $844,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in XOM. Tang Capital Management LLC raised its position in shares of Exxon Mobil by 57.8% during the 4th quarter. Tang Capital Management LLC now owns 11,053 shares of the oil and gas company’s stock valued at $1,189,000 after buying an additional 4,049 shares during the period. Strive Asset Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $618,000. Strategic Wealth Partners Ltd. raised its position in shares of Exxon Mobil by 8.3% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 17,050 shares of the oil and gas company’s stock valued at $1,844,000 after buying an additional 1,306 shares during the period. Stonebrook Private Inc. raised its position in shares of Exxon Mobil by 7.5% during the 4th quarter. Stonebrook Private Inc. now owns 7,039 shares of the oil and gas company’s stock valued at $757,000 after buying an additional 489 shares during the period. Finally, State of Wyoming raised its position in shares of Exxon Mobil by 93.1% during the 4th quarter. State of Wyoming now owns 8,735 shares of the oil and gas company’s stock valued at $940,000 after buying an additional 4,212 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. TD Cowen lifted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Melius began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. Finally, UBS Group boosted their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. One investment 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $124.81.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.21 on Monday. 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 fifty day moving average price of $110.55 and a 200 day moving average price of $109.14. The company has a market cap of $478.38 billion, a P/E ratio of 15.94, a PEG ratio of 2.05 and a beta of 0.57. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.14 earnings per share. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Exxon Mobil Company 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.