Garrison Bradford & Associates Inc. Lowers Stock Position in Exxon Mobil Corporation $XOM

Garrison Bradford & Associates Inc. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 88.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,323 shares of the oil and gas company’s stock after selling 17,017 shares during the quarter. Exxon Mobil accounts for 0.3% of Garrison Bradford & Associates Inc.’s investment portfolio, making the stock its 27th biggest position. Garrison Bradford & Associates Inc.’s holdings in Exxon Mobil were worth $250,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Capital Management LLC raised its stake in shares of Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares in the last quarter. Brucke Financial Inc. boosted its stake in shares of Exxon Mobil by 2.1% in the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after purchasing an additional 142 shares in the last quarter. Gutierrez Wealth Advisory LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at $232,000. Mutual Advisors LLC grew its holdings in shares of Exxon Mobil by 4.2% during the 1st quarter. Mutual Advisors LLC now owns 103,917 shares of the oil and gas company’s stock valued at $11,282,000 after purchasing an additional 4,203 shares during the last quarter. Finally, MBM Wealth Consultants LLC raised its position in Exxon Mobil by 17.0% in the 1st quarter. MBM Wealth Consultants LLC now owns 3,111 shares of the oil and gas company’s stock worth $370,000 after purchasing an additional 452 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were 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 directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.2%

XOM opened at $114.52 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 business has a 50 day simple moving average of $113.26 and a two-hundred day simple moving average of $110.03. 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.

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

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 57.56%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Melius Research began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Melius initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Wells Fargo & Company assumed coverage on Exxon Mobil in a research note on Friday, October 17th. They issued an “overweight” rating and a $156.00 price target on the stock. UBS Group boosted their price objective on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

About Exxon Mobil

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.