True Link Financial Advisors LLC Cuts Stock Position in Exxon Mobil Corporation $XOM

True Link Financial Advisors LLC lessened its holdings in Exxon Mobil Corporation (NYSE:XOM) by 5.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,309 shares of the oil and gas company’s stock after selling 137 shares during the period. True Link Financial Advisors LLC’s holdings in Exxon Mobil were worth $249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC raised its stake in Exxon Mobil by 23.8% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 8,481 shares of the oil and gas company’s stock valued at $914,000 after purchasing an additional 1,629 shares during the period. Leo Wealth LLC lifted its holdings in shares of Exxon Mobil by 87.3% in the second quarter. Leo Wealth LLC now owns 49,964 shares of the oil and gas company’s stock worth $5,383,000 after buying an additional 23,288 shares in the last quarter. MSH Capital Advisors LLC lifted its holdings in shares of Exxon Mobil by 1.3% in the second quarter. MSH Capital Advisors LLC now owns 34,979 shares of the oil and gas company’s stock worth $3,771,000 after buying an additional 435 shares in the last quarter. Lokken Investment Group LLC lifted its holdings in shares of Exxon Mobil by 5.1% in the second quarter. Lokken Investment Group LLC now owns 24,369 shares of the oil and gas company’s stock worth $2,627,000 after buying an additional 1,180 shares in the last quarter. Finally, Columbia Advisory Partners LLC lifted its holdings in shares of Exxon Mobil by 2.5% in the second quarter. Columbia Advisory Partners LLC now owns 4,394 shares of the oil and gas company’s stock worth $474,000 after buying an additional 109 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. Melius initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Piper Sandler set a $141.00 price target on Exxon Mobil in a report on Tuesday. Morgan Stanley raised their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Thursday. Finally, Melius Research assumed 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. One investment 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.95.

Insider Activity

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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $110.93 on Friday. The firm has a market cap of $472.94 billion, a P/E ratio of 15.76, a P/E/G ratio of 2.00 and a beta of 0.51. 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 Corporation has a 12 month low of $97.80 and a 12 month high of $124.26. The stock’s fifty day moving average price is $111.32 and its 200-day moving average price is $109.42.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion during the quarter. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Exxon Mobil 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.