Galvin Gaustad & Stein LLC Has $2.18 Million Stake in Exxon Mobil Corporation $XOM

Galvin Gaustad & Stein LLC cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,218 shares of the oil and gas company’s stock after selling 482 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in Exxon Mobil were worth $2,179,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. M1 Capital Management LLC boosted its position in Exxon Mobil by 4.8% during the second quarter. M1 Capital Management LLC now owns 6,176 shares of the oil and gas company’s stock worth $666,000 after purchasing an additional 283 shares during the period. 3Chopt Investment Partners LLC raised its position in shares of Exxon Mobil by 21.4% in the second quarter. 3Chopt Investment Partners LLC now owns 24,763 shares of the oil and gas company’s stock valued at $2,669,000 after purchasing an additional 4,373 shares during the period. Total Wealth Planning & Management Inc. lifted its stake in shares of Exxon Mobil by 1.2% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 14,407 shares of the oil and gas company’s stock worth $1,553,000 after buying an additional 177 shares during the last quarter. Stiles Financial Services Inc boosted its holdings in shares of Exxon Mobil by 3.7% during the 2nd quarter. Stiles Financial Services Inc now owns 17,434 shares of the oil and gas company’s stock worth $1,880,000 after buying an additional 614 shares during the period. Finally, Coordinated Financial Services Inc. acquired a new position in Exxon Mobil in the 2nd quarter valued at about $477,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Melius Research started coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Melius began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Finally, Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $125.95.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company’s stock, 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 legal filing with the SEC, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $110.93 on Monday. The firm has a market cap of $472.93 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51. 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’s fifty day moving average price is $111.32 and its two-hundred day moving average price is $109.36. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $124.26.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. 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%.

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.