Horizon Wealth Management LLC Sells 243 Shares of Exxon Mobil Corporation $XOM

Horizon Wealth Management LLC reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,266 shares of the oil and gas company’s stock after selling 243 shares during the quarter. Horizon Wealth Management LLC’s holdings in Exxon Mobil were worth $460,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Eagle Capital Management LLC raised its holdings in Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the period. Ironwood Wealth Management LLC. bought a new position in shares of Exxon Mobil in the first quarter worth about $200,000. Brucke Financial Inc. raised its stake in shares of Exxon Mobil by 2.1% in the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after buying an additional 142 shares during the period. Golden State Wealth Management LLC raised its stake in shares of Exxon Mobil by 3.9% in the first quarter. Golden State Wealth Management LLC now owns 9,659 shares of the oil and gas company’s stock worth $1,149,000 after buying an additional 360 shares during the period. Finally, Townsend & Associates Inc raised its stake in shares of Exxon Mobil by 3.0% in the first quarter. Townsend & Associates Inc now owns 7,328 shares of the oil and gas company’s stock worth $872,000 after buying an additional 215 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $114.57 on Friday. 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 company has a market cap of $488.45 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.06 and a beta of 0.51. The firm’s fifty day moving average is $113.19 and its two-hundred day moving average is $109.86. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week 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 net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion for the quarter. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on XOM shares. Wells Fargo & Company started coverage on shares of Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 target price on the stock. Morgan Stanley raised their price objective 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 began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $127.00.

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.