Activest Wealth Management Sells 609 Shares of Exxon Mobil Corporation $XOM

Activest Wealth Management lessened its holdings in Exxon Mobil Corporation (NYSE:XOM) by 54.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 514 shares of the oil and gas company’s stock after selling 609 shares during the period. Activest Wealth Management’s holdings in Exxon Mobil were worth $55,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of XOM. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the first quarter worth $29,000. Elequin Capital LP purchased a new position in Exxon Mobil during the first quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Exxon Mobil by 396.7% during the first 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 period. Game Plan Financial Advisors LLC boosted its stake in Exxon Mobil by 1,500.0% during the first 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 period. Finally, Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil during the second quarter worth $38,000. Institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Trading Up 1.4%

Exxon Mobil stock opened at $112.20 on Friday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a market cap of $478.34 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51. The stock has a 50-day moving average of $111.83 and a two-hundred day moving average of $109.19.

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

Exxon Mobil Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have commented on XOM shares. Morgan Stanley lifted 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. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Barclays lowered their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, UBS Group upped their price objective on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $127.58.

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.