Avion Wealth Sells 1,626 Shares of Exxon Mobil Corporation $XOM

Avion Wealth cut its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,751 shares of the oil and gas company’s stock after selling 1,626 shares during the quarter. Exxon Mobil comprises about 0.6% of Avion Wealth’s holdings, making the stock its 23rd largest position. Avion Wealth’s holdings in Exxon Mobil were worth $2,452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. Nuveen LLC bought a new position in shares of Exxon Mobil in the 1st quarter worth about $2,730,414,000. GQG Partners LLC grew its stake in Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock worth $1,197,753,000 after purchasing an additional 10,004,975 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in Exxon Mobil in the second quarter worth approximately $607,621,000. Ameriprise Financial Inc. lifted 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 buying an additional 2,639,797 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Exxon Mobil by 72.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock worth $598,280,000 after buying an additional 2,332,293 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated 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 directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Performance

Shares of XOM opened at $115.39 on Friday. The firm has a market capitalization of $491.94 billion, a P/E ratio of 16.39, a P/E/G ratio of 2.06 and a beta of 0.51. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. The stock has a 50 day moving average price of $112.58 and a two-hundred day moving average price of $109.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM) last announced its quarterly 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 return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion during the quarter. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share 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 3.4%. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Bank of America lifted their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. UBS Group lifted their price target 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. Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Piper Sandler set a $141.00 target price on Exxon Mobil in a research report on Tuesday, October 7th. Finally, Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Thursday, October 9th. 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 stock. Based on data from MarketBeat.com, the stock has an average 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.