JGP Wealth Management LLC Sells 390 Shares of Exxon Mobil Corporation $XOM

JGP Wealth Management LLC trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,883 shares of the oil and gas company’s stock after selling 390 shares during the period. JGP Wealth Management LLC’s holdings in Exxon Mobil were worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil during the first quarter valued at about $29,000. Elequin Capital LP purchased a new position in Exxon Mobil during the 1st quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd raised its position in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC raised its position in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after buying an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $38,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $112.20 on Friday. The company’s fifty day moving average price is $111.83 and its 200 day moving average price is $109.25. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The stock has a market capitalization of $478.35 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.99 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Mizuho dropped their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a research note on Tuesday, October 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $127.58.

Insiders Place Their Bets

In other Exxon Mobil 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 value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. 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.

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.