Stokes Family Office LLC Sells 472 Shares of Exxon Mobil Corporation $XOM

Stokes Family Office LLC cut its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 167,664 shares of the oil and gas company’s stock after selling 472 shares during the quarter. Exxon Mobil makes up about 1.9% of Stokes Family Office LLC’s holdings, making the stock its 12th biggest position. Stokes Family Office LLC’s holdings in Exxon Mobil were worth $18,074,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of XOM. Graybill Wealth Management LTD. bought a new position in Exxon Mobil in the 1st quarter valued at $29,000. Elequin Capital LP purchased a new position in shares of Exxon Mobil in the 1st quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd grew its position in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares during the period. Game Plan Financial Advisors LLC increased its holdings in Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after buying an additional 300 shares during the last quarter. Finally, 1248 Management LLC bought a new stake in Exxon Mobil in the first quarter worth about $40,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XOM. Mizuho reduced their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Piper Sandler set a $141.00 price objective on Exxon Mobil in a report on Tuesday, October 7th. Melius initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $128.50.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $117.19 on Friday. The stock has a market cap of $499.59 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 2.06 and a beta of 0.49. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The business has a 50-day simple moving average of $113.45 and a 200 day simple moving average of $110.27. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share 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%. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be given a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio is 59.88%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the 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 transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

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.