Exxon Mobil Co. (NYSE:XOM) Shares Sold by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,039 shares of the oil and gas company’s stock after selling 997 shares during the quarter. Exxon Mobil accounts for 1.0% of Independent Solutions Wealth Management LLC’s portfolio, making the stock its 24th largest position. Independent Solutions Wealth Management LLC’s holdings in Exxon Mobil were worth $4,576,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Garden State Investment Advisory Services LLC raised its stake in shares of Exxon Mobil by 3.2% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 9,352 shares of the oil and gas company’s stock valued at $1,097,000 after purchasing an additional 294 shares in the last quarter. Copley Financial Group Inc. acquired a new stake in Exxon Mobil during the third quarter valued at approximately $461,000. American Trust lifted its holdings in Exxon Mobil by 18.7% during the 3rd quarter. American Trust now owns 4,240 shares of the oil and gas company’s stock worth $497,000 after buying an additional 667 shares during the last quarter. Old North State Trust LLC boosted its holdings in shares of Exxon Mobil by 7.7% in the 3rd quarter. Old North State Trust LLC now owns 9,480 shares of the oil and gas company’s stock valued at $1,111,000 after buying an additional 681 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after buying an additional 4,415,012 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $0.60 during midday trading on Thursday, reaching $105.82. 8,869,507 shares of the company’s stock were exchanged, compared to its average volume of 16,290,271. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company’s 50 day simple moving average is $117.92 and its two-hundred day simple moving average is $116.24. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The firm has a market capitalization of $465.09 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the company posted $2.27 EPS. The company’s revenue was down .8% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.74%. Exxon Mobil’s dividend payout ratio is 49.32%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Redburn Atlantic restated a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. JPMorgan Chase & Co. cut their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday. The Goldman Sachs Group lifted their price target on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Finally, Barclays lowered their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $128.74.

Exxon Mobil 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.