Financial Life Advisors Sells 289 Shares of Exxon Mobil Corporation $XOM

Financial Life Advisors trimmed its position in Exxon Mobil Corporation (NYSE:XOM) by 11.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,215 shares of the oil and gas company’s stock after selling 289 shares during the period. Financial Life Advisors’ holdings in Exxon Mobil were worth $239,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil in the first quarter valued at $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil in the first quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares during the period. Game Plan Financial Advisors LLC increased its holdings in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new stake in Exxon Mobil in the second quarter valued at $38,000. 61.80% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s 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 completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on XOM. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an “overweight” rating in a report on Thursday, June 26th. Morgan Stanley increased their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $125.95.

Exxon Mobil Stock Performance

Shares of XOM opened at $110.93 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a 50-day moving average of $111.32 and a 200-day moving average of $109.48. The company has a market cap of $472.94 billion, a PE ratio of 15.76, a P/E/G ratio of 2.04 and a beta of 0.51. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $124.26.

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 company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

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.