Exxon Mobil Corporation $XOM Shares Sold by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC decreased its position in Exxon Mobil Corporation (NYSE:XOM) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,825 shares of the oil and gas company’s stock after selling 172 shares during the quarter. International Private Wealth Advisors LLC’s holdings in Exxon Mobil were worth $305,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new stake in Exxon Mobil in the second quarter valued at approximately $607,621,000. IFM Investors Pty Ltd grew its position in Exxon Mobil by 3.0% in the second quarter. IFM Investors Pty Ltd now owns 803,375 shares of the oil and gas company’s stock valued at $86,604,000 after acquiring an additional 23,329 shares in the last quarter. Perkins Coie Trust Co grew its position in Exxon Mobil by 7.2% in the second quarter. Perkins Coie Trust Co now owns 8,590 shares of the oil and gas company’s stock valued at $926,000 after acquiring an additional 579 shares in the last quarter. Sterling Financial Group Inc. grew its position in Exxon Mobil by 2.9% in the second quarter. Sterling Financial Group Inc. now owns 3,744 shares of the oil and gas company’s stock valued at $404,000 after acquiring an additional 104 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in Exxon Mobil in the second quarter valued at approximately $598,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on 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 $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

Shares of XOM opened at $112.82 on Friday. The business’s fifty day moving average price is $110.54 and its 200 day moving average price is $109.31. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a market capitalization of $480.98 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 2.08 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

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

Exxon Mobil Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on XOM shares. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Bank of America raised their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Melius started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, Melius Research started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $124.76.

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.