Checchi Capital Advisers LLC Sells 2,463 Shares of Exxon Mobil Corporation $XOM

Checchi Capital Advisers LLC cut its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 42,487 shares of the oil and gas company’s stock after selling 2,463 shares during the period. Checchi Capital Advisers LLC’s holdings in Exxon Mobil were worth $4,580,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in XOM. Diligent Investors LLC lifted its position in Exxon Mobil by 19.3% during the second quarter. Diligent Investors LLC now owns 15,221 shares of the oil and gas company’s stock valued at $1,641,000 after buying an additional 2,458 shares during the period. Oak Hill Wealth Advisors LLC lifted its position in Exxon Mobil by 1.0% during the 2nd quarter. Oak Hill Wealth Advisors LLC now owns 32,051 shares of the oil and gas company’s stock valued at $3,660,000 after acquiring an additional 308 shares during the period. Signature Wealth Management Partners LLC lifted its position in Exxon Mobil by 24.7% during the 2nd quarter. Signature Wealth Management Partners LLC now owns 11,646 shares of the oil and gas company’s stock valued at $1,255,000 after acquiring an additional 2,306 shares during the period. Sava Infond d.o.o. boosted its stake in Exxon Mobil by 10.2% during the second quarter. Sava Infond d.o.o. now owns 37,440 shares of the oil and gas company’s stock worth $4,036,000 after acquiring an additional 3,460 shares in the last quarter. Finally, LGT Fund Management Co Ltd. grew its holdings in Exxon Mobil by 31.8% in the second quarter. LGT Fund Management Co Ltd. now owns 37,046 shares of the oil and gas company’s stock worth $3,994,000 after purchasing an additional 8,928 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.8%

Shares of NYSE:XOM opened at $114.18 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 $126.34. The company has a market cap of $486.78 billion, a P/E ratio of 16.22, a PEG ratio of 2.06 and a beta of 0.51. The stock’s fifty day moving average price is $111.21 and its 200-day moving average price is $109.47.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.Exxon Mobil’s revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.14 EPS. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were 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 in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on XOM shares. Melius began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Mizuho dropped their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Melius Research initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $125.00.

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.