Cabot Wealth Management Inc. Sells 350 Shares of Exxon Mobil Corporation $XOM

Cabot Wealth Management Inc. lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 9.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,406 shares of the oil and gas company’s stock after selling 350 shares during the period. Cabot Wealth Management Inc.’s holdings in Exxon Mobil were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. MQS Management LLC bought a new position in shares of Exxon Mobil during the 2nd quarter valued at about $1,303,000. Linden Thomas Advisory Services LLC boosted its holdings in shares of Exxon Mobil by 73.8% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 37,874 shares of the oil and gas company’s stock valued at $4,083,000 after purchasing an additional 16,083 shares during the last quarter. Sentinel Trust Co. LBA raised its position in shares of Exxon Mobil by 0.3% during the 2nd quarter. Sentinel Trust Co. LBA now owns 61,339 shares of the oil and gas company’s stock valued at $6,612,000 after buying an additional 178 shares in the last quarter. TSA Wealth Managment LLC raised its position in shares of Exxon Mobil by 41.8% during the 2nd quarter. TSA Wealth Managment LLC now owns 2,826 shares of the oil and gas company’s stock valued at $305,000 after buying an additional 833 shares in the last quarter. Finally, Brian Low Financial Group LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $4,945,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $115.89 on Tuesday. 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 Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The firm has a market capitalization of $494.07 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51. The company’s 50-day moving average is $112.77 and its 200 day moving average is $109.63.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent research reports. Bank of America upped their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Morgan Stanley upped their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Melius Research initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Finally, Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 target price on the stock. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.58.

Insider Buying and Selling

In other Exxon Mobil 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 value 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 represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

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.