Bordeaux Wealth Advisors LLC Cuts Stake in Exxon Mobil Corporation $XOM

Bordeaux Wealth Advisors LLC lowered its position in Exxon Mobil Corporation (NYSE:XOM) by 7.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,882 shares of the oil and gas company’s stock after selling 1,017 shares during the quarter. Bordeaux Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted 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 worth $5,390,318,000 after buying an additional 1,340,343 shares in the last quarter. Charles Schwab Investment Management Inc. boosted 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 worth $3,850,167,000 after buying an additional 512,860 shares in the last quarter. Ameriprise Financial Inc. boosted 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 worth $3,213,848,000 after buying an additional 2,639,797 shares in the last quarter. Amundi boosted 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 worth $2,966,598,000 after buying an additional 2,329,964 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted 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 worth $3,028,968,000 after buying an additional 909,386 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

XOM has been the subject of a number of analyst reports. Piper Sandler set a $141.00 price objective on Exxon Mobil in a research note on Tuesday, October 7th. Mizuho dropped their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Wells Fargo & Company initiated coverage on Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective for the company. Bank of America increased their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $114.52 on Friday. The stock has a fifty day moving average of $113.26 and a 200 day moving average of $109.94. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. The firm has a market capitalization of $488.21 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.06 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.

Exxon Mobil (NYSE:XOM) last announced 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 company had revenue of $57.55 billion during the quarter. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

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.