Bar Harbor Wealth Management Sells 8,153 Shares of Exxon Mobil Corporation $XOM

Bar Harbor Wealth Management lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,667 shares of the oil and gas company’s stock after selling 8,153 shares during the period. Exxon Mobil comprises 1.6% of Bar Harbor Wealth Management’s holdings, making the stock its 13th largest position. Bar Harbor Wealth Management’s holdings in Exxon Mobil were worth $24,435,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Narwhal Capital Management increased its holdings in Exxon Mobil by 0.5% during the 2nd quarter. Narwhal Capital Management now owns 91,759 shares of the oil and gas company’s stock worth $9,892,000 after purchasing an additional 497 shares in the last quarter. GGM Financials LLC bought a new position in Exxon Mobil during the 2nd quarter worth about $292,000. Morton Capital Management LLC CA increased its holdings in Exxon Mobil by 2.8% during the 2nd quarter. Morton Capital Management LLC CA now owns 10,217 shares of the oil and gas company’s stock worth $1,101,000 after purchasing an additional 275 shares in the last quarter. Valmark Advisers Inc. increased its holdings in Exxon Mobil by 5.8% during the 2nd quarter. Valmark Advisers Inc. now owns 70,553 shares of the oil and gas company’s stock worth $7,606,000 after purchasing an additional 3,839 shares in the last quarter. Finally, Nelson Capital Management LLC increased its holdings in Exxon Mobil by 1.2% during the 2nd quarter. Nelson Capital Management LLC now owns 49,290 shares of the oil and gas company’s stock worth $5,313,000 after purchasing an additional 590 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was 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 owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on XOM. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Thursday. 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. Mizuho decreased their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. UBS Group raised their price objective on Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Finally, Melius began coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.95.

Exxon Mobil Trading Down 1.8%

Exxon Mobil stock opened at $110.93 on Friday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $124.26. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a market capitalization of $472.94 billion, a P/E ratio of 15.76, a PEG ratio of 2.04 and a beta of 0.51. The stock has a 50-day simple moving average of $111.32 and a 200 day simple moving average of $109.48.

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 return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion during the quarter. Analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s payout ratio 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.