Private Wealth Partners LLC Has $752,000 Position in Exxon Mobil Corporation $XOM

Private Wealth Partners LLC lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 54.2% in the second quarter, HoldingsChannel.com reports. The firm owned 6,973 shares of the oil and gas company’s stock after selling 8,242 shares during the quarter. Private Wealth Partners LLC’s holdings in Exxon Mobil were worth $752,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil during the 1st quarter worth $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil during the 1st quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Exxon Mobil by 396.7% during the 1st 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 grew its holdings in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new stake in Exxon Mobil during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of analyst reports. Bank of America lifted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a report on Tuesday, October 7th. Melius Research started coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.58.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction 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 sale, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 1.1%

XOM opened at $116.34 on Thursday. The stock has a market capitalization of $496.00 billion, a P/E ratio of 16.53, a P/E/G ratio of 2.04 and a beta of 0.51. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The firm’s fifty day simple moving average is $113.08 and its 200 day simple moving average is $109.83. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s payout ratio 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.