Laurel Wealth Advisors LLC Sells 3,066,274 Shares of Exxon Mobil Corporation $XOM

Laurel Wealth Advisors LLC cut its holdings in Exxon Mobil Corporation (NYSE:XOM) by 99.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,832 shares of the oil and gas company’s stock after selling 3,066,274 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Exxon Mobil were worth $3,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westfuller Advisors LLC bought a new position in shares of Exxon Mobil during the third quarter valued at approximately $30,000. Bare Financial Services Inc increased its position in Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 201 shares during the period. Clayton Financial Group LLC bought a new position in Exxon Mobil in the 3rd quarter worth $40,000. TruNorth Capital Management LLC raised its holdings in Exxon Mobil by 1,595.2% in the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 335 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC lifted its position in shares of Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 181 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XOM. BMO Capital Markets reiterated a “market perform” rating and set a $155.00 price target on shares of Exxon Mobil in a research report on Wednesday, February 4th. TD Cowen lifted their price objective on Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Morgan Stanley reduced their target price on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Jefferies Financial Group increased their target price on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, UBS Group restated a “buy” rating and set a $171.00 price target on shares of Exxon Mobil in a research report on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $140.59.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $152.55 on Monday. The company has a 50 day simple moving average of $135.64 and a two-hundred day simple moving average of $121.77. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $156.93. The company has a market capitalization of $635.62 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 15.82 and a beta of 0.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. During the same period in the previous year, the firm posted $1.67 EPS. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. Analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. The trade was a 17.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 14,230 shares of company stock worth $1,888,421 in the last ninety days. 0.03% of the stock is owned by company insiders.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.