Exxon Mobil Corporation $XOM Shares Sold by Turning Point Benefit Group Inc.

Turning Point Benefit Group Inc. decreased its position in Exxon Mobil Corporation (NYSE:XOM) by 14.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,600 shares of the oil and gas company’s stock after selling 631 shares during the period. Turning Point Benefit Group Inc.’s holdings in Exxon Mobil were worth $388,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hoge Financial Services LLC boosted its position in shares of Exxon Mobil by 2.0% during the second quarter. Hoge Financial Services LLC now owns 5,602 shares of the oil and gas company’s stock worth $605,000 after buying an additional 112 shares during the period. KPP Advisory Services LLC increased its position in Exxon Mobil by 2.7% in the 2nd quarter. KPP Advisory Services LLC now owns 33,057 shares of the oil and gas company’s stock valued at $3,564,000 after acquiring an additional 871 shares during the period. First Citizens Bank & Trust Co. raised its stake in Exxon Mobil by 6.4% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 262,848 shares of the oil and gas company’s stock valued at $28,335,000 after acquiring an additional 15,901 shares in the last quarter. Roman Butler Fullerton & Co. raised its stake in Exxon Mobil by 1.6% during the 2nd quarter. Roman Butler Fullerton & Co. now owns 9,262 shares of the oil and gas company’s stock valued at $1,023,000 after acquiring an additional 144 shares in the last quarter. Finally, Cornerstone Advisory LLC boosted its position in Exxon Mobil by 38.2% during the 2nd quarter. Cornerstone Advisory LLC now owns 27,083 shares of the oil and gas company’s stock worth $2,919,000 after acquiring an additional 7,488 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other 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 completion of the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on XOM. Wells Fargo & Company began coverage on Exxon Mobil in a report on Friday, October 17th. They set an “overweight” rating and a $156.00 price target on the stock. Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 7th. Mizuho dropped their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.58.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $115.39 on Friday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. 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 stock has a market cap of $491.94 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. The company’s 50-day moving average price is $112.58 and its two-hundred day moving average price is $109.48.

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 for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion during the quarter. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared 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 of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.4%. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Exxon Mobil 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.