Clearstead Trust LLC Has $3.28 Million Stock Holdings in Exxon Mobil Corporation $XOM

Clearstead Trust LLC reduced its holdings in Exxon Mobil Corporation (NYSE:XOM) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 30,385 shares of the oil and gas company’s stock after selling 739 shares during the quarter. Exxon Mobil makes up about 0.6% of Clearstead Trust LLC’s portfolio, making the stock its 28th largest holding. Clearstead Trust LLC’s holdings in Exxon Mobil were worth $3,276,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Elequin Capital LP acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of 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 worth $35,000 after acquiring an additional 238 shares during the period. Game Plan Financial Advisors LLC boosted 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 acquiring an additional 300 shares during the last quarter. 1248 Management LLC acquired a new stake in Exxon Mobil during the 1st quarter valued at approximately $40,000. Finally, Marshall & Sullivan Inc. WA bought a new position in Exxon Mobil during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Bank of America boosted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Barclays cut their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. UBS Group lifted their price objective on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, Piper Sandler upped their target price on Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.67.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’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 transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $118.70 on Friday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The company has a market cap of $500.57 billion, a PE ratio of 16.86, a P/E/G ratio of 2.06 and a beta of 0.49. The stock has a 50-day moving average of $113.87 and a 200-day moving average of $110.56. 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 (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion for the quarter. On average, equities research analysts predict 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. Investors of record on Friday, November 14th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is 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.