Exxon Mobil Corporation $XOM Shares Sold by Jackson Thornton Wealth Management LLC

Jackson Thornton Wealth Management LLC decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,967 shares of the oil and gas company’s stock after selling 525 shares during the quarter. Jackson Thornton Wealth Management LLC’s holdings in Exxon Mobil were worth $1,024,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of XOM. GAMMA Investing LLC grew its stake in shares of Exxon Mobil by 20.6% in the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock valued at $9,458,000 after buying an additional 13,582 shares in the last quarter. Eagle Capital Management LLC grew its stake in shares of Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares in the last quarter. Ironwood Wealth Management LLC. acquired a new stake in shares of Exxon Mobil in the first quarter valued at $200,000. Brucke Financial Inc. grew its stake in Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after purchasing an additional 142 shares in the last quarter. Finally, CV Advisors LLC acquired a new position in Exxon Mobil during the 1st quarter worth $608,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 1.7%

Shares of NYSE XOM opened at $114.64 on Thursday. The company has a market capitalization of $488.72 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The business has a 50-day moving average of $112.24 and a two-hundred day moving average of $109.29. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion during the quarter. On average, analysts forecast 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. Stockholders of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s payout ratio is presently 56.25%.

Analyst Ratings Changes

Several research firms recently commented on XOM. UBS Group boosted their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Melius Research began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Morgan Stanley boosted their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Piper Sandler set a $141.00 target price on 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. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.58.

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.