Advocate Group LLC Has $906,000 Stock Position in Exxon Mobil Corporation $XOM

Advocate Group LLC trimmed its position in Exxon Mobil Corporation (NYSE:XOM) by 39.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,404 shares of the oil and gas company’s stock after selling 5,414 shares during the quarter. Advocate Group LLC’s holdings in Exxon Mobil were worth $906,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. Axis Wealth Partners LLC boosted its holdings in shares of Exxon Mobil by 1.8% during the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after purchasing an additional 90 shares during the period. Park Edge Advisors LLC boosted its holdings in shares of Exxon Mobil by 0.3% during the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock worth $3,453,000 after purchasing an additional 91 shares during the period. Willow Creek Wealth Management Inc. boosted its holdings in shares of Exxon Mobil by 3.6% during the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 91 shares during the period. Chapin Davis Inc. boosted its holdings in shares of Exxon Mobil by 2.1% during the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock worth $497,000 after purchasing an additional 93 shares during the period. Finally, Cascade Investment Group Inc. boosted its holdings in shares of Exxon Mobil by 2.1% during the second quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock worth $476,000 after purchasing an additional 93 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In other 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research reports. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a report on Tuesday, October 7th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Barclays cut their price objective 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. Finally, Morgan Stanley raised their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.05.

Exxon Mobil Trading Up 0.1%

NYSE:XOM opened at $112.40 on Wednesday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The firm has a market cap of $479.21 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 2.03 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $111.52 and its 200-day moving average is $109.34.

Exxon Mobil (NYSE:XOM) last released 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 company had revenue of $57.55 billion for the quarter. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. 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.