Exxon Mobil Co. (NYSE:XOM) Shares Sold by Laurel Wealth Advisors Inc.

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Laurel Wealth Advisors Inc. lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,570 shares of the oil and gas company’s stock after selling 1,480 shares during the period. Exxon Mobil makes up approximately 1.1% of Laurel Wealth Advisors Inc.’s portfolio, making the stock its 20th biggest holding. Laurel Wealth Advisors Inc.’s holdings in Exxon Mobil were worth $4,948,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Canandaigua National Bank & Trust Co. lifted its position in shares of Exxon Mobil by 1.3% in the second quarter. Canandaigua National Bank & Trust Co. now owns 262,510 shares of the oil and gas company’s stock valued at $20,116,000 after acquiring an additional 3,357 shares in the last quarter. Krueger & Catalano Capital Partners LLC lifted its position in shares of Exxon Mobil by 61.2% in the second quarter. Krueger & Catalano Capital Partners LLC now owns 11,920 shares of the oil and gas company’s stock valued at $913,000 after acquiring an additional 4,525 shares in the last quarter. Chesley Taft & Associates LLC lifted its position in shares of Exxon Mobil by 0.8% in the second quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock valued at $13,548,000 after acquiring an additional 1,440 shares in the last quarter. Mount Vernon Associates Inc. MD lifted its position in shares of Exxon Mobil by 83.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 13,423 shares of the oil and gas company’s stock valued at $1,029,000 after acquiring an additional 6,103 shares in the last quarter. Finally, Alpha Cubed Investments LLC lifted its position in shares of Exxon Mobil by 2.0% in the second quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock valued at $19,158,000 after acquiring an additional 4,922 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of Exxon Mobil stock traded up $0.26 during trading hours on Friday, reaching $72.24. The stock had a trading volume of 55,559 shares, compared to its average volume of 10,318,659. The firm has a 50 day simple moving average of $70.51 and a two-hundred day simple moving average of $76.00. The firm has a market capitalization of $304.94 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 2.15 and a beta of 0.99. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $87.36.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The company had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.92 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 3.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were issued a $0.87 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.82%. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.

In other news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the sale, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.05% of the company’s stock.

XOM has been the topic of several recent research reports. Morgan Stanley reduced their price objective on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. HSBC reiterated a “neutral” rating and set a $86.50 target price on shares of Exxon Mobil in a research report on Thursday, May 23rd. Royal Bank of Canada reiterated a “neutral” rating and set a $90.00 target price on shares of Exxon Mobil in a research report on Friday, August 2nd. UBS Group reduced their target price on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. Finally, Barclays assumed coverage on Exxon Mobil in a research report on Monday, August 19th. They set an “equal weight” rating and a $73.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $81.13.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Further Reading: What does an equal weight rating mean?

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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