Stratos Wealth Advisors LLC Lowers Stock Holdings in Exxon Mobil Corporation $XOM

Stratos Wealth Advisors LLC trimmed its position in Exxon Mobil Corporation (NYSE:XOM) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,394 shares of the oil and gas company’s stock after selling 882 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Exxon Mobil were worth $4,678,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. Bank of New York Mellon Corp raised its stake in Exxon Mobil by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock valued at $5,390,318,000 after purchasing an additional 1,340,343 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Exxon Mobil by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock valued at $3,850,167,000 after purchasing an additional 512,860 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after purchasing an additional 2,639,797 shares in the last quarter. Amundi raised its stake in Exxon Mobil by 9.7% in the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company’s stock valued at $2,966,598,000 after purchasing an additional 2,329,964 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Exxon Mobil by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock valued at $3,028,968,000 after purchasing an additional 909,386 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 1.4%

Shares of NYSE XOM opened at $112.20 on Monday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. 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 firm’s 50 day simple moving average is $111.83 and its two-hundred day simple moving average is $109.16. The stock has a market capitalization of $478.35 billion, a P/E ratio of 15.94, a PEG ratio of 2.01 and a beta of 0.51.

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

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s 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 in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XOM. Mizuho lowered their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. UBS Group raised their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 7th. Wells Fargo & Company initiated coverage on shares of Exxon Mobil in a research report on Friday. They set an “overweight” rating and a $156.00 price target on the stock. Finally, Barclays reduced 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. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.58.

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.