Ipsen Advisor Group LLC Cuts Stock Holdings in Exxon Mobil Corporation $XOM

Ipsen Advisor Group LLC trimmed its position in Exxon Mobil Corporation (NYSE:XOM) by 11.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,559 shares of the oil and gas company’s stock after selling 700 shares during the quarter. Ipsen Advisor Group LLC’s holdings in Exxon Mobil were worth $599,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Eagle Capital Management LLC grew its position in 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 acquiring an additional 376 shares in the last quarter. Brucke Financial Inc. increased its position in shares of Exxon Mobil by 2.1% during the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after acquiring an additional 142 shares during the last quarter. Horst & Graben Wealth Management LLC raised its position in shares of Exxon Mobil by 6.3% in the 1st quarter. Horst & Graben Wealth Management LLC now owns 4,030 shares of the oil and gas company’s stock valued at $479,000 after purchasing an additional 240 shares in the last quarter. Alpha Cubed Investments LLC grew its holdings in Exxon Mobil by 32.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 53,655 shares of the oil and gas company’s stock worth $6,381,000 after acquiring an additional 13,015 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. grew its stake in Exxon Mobil by 11.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 24,428 shares of the oil and gas company’s stock worth $2,905,000 after purchasing an additional 2,431 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

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 completion of the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Melius Research initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. UBS Group raised their price target on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Bank of America upped their price objective on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Finally, Barclays dropped their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.50.

Exxon Mobil Stock Up 0.7%

Exxon Mobil stock opened at $114.47 on Friday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. The stock has a market cap of $487.99 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 2.06 and a beta of 0.49. The company’s 50-day moving average price is $113.39 and its two-hundred day moving average price is $110.19. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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%. On average, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.6%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

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.