Guardian Financial Partners LLC Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Guardian Financial Partners LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 37.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,344 shares of the oil and gas company’s stock after selling 1,964 shares during the quarter. Guardian Financial Partners LLC’s holdings in Exxon Mobil were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Guardian Wealth Management Inc. purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $30,000. GW&K Investment Management LLC purchased a new position in shares of Exxon Mobil in the 1st quarter worth about $32,000. CFS Investment Advisory Services LLC boosted its holdings in shares of Exxon Mobil by 8,482.4% in the 1st quarter. CFS Investment Advisory Services LLC now owns 1,644,137 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 1,624,980 shares in the last quarter. GoalVest Advisory LLC purchased a new position in shares of Exxon Mobil in the 1st quarter worth about $38,000. Finally, Dravo Bay LLC purchased a new position in shares of Exxon Mobil in the 1st quarter worth about $38,000. 56.84% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.4 %

Shares of NYSE:XOM opened at $90.57 on Friday. Exxon Mobil Co. has a 52-week low of $55.28 and a 52-week high of $105.57. The firm has a market capitalization of $377.46 billion, a P/E ratio of 9.91, a P/E/G ratio of 0.31 and a beta of 1.07. The stock has a 50 day moving average price of $93.05 and a 200-day moving average price of $89.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16.

Exxon Mobil (NYSE:XOMGet Rating) last announced its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $0.40. The firm had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The business’s revenue was up 70.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 EPS. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 12.67 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were paid a $0.88 dividend. The ex-dividend date was Thursday, August 11th. This represents a $3.52 annualized dividend and a dividend yield of 3.89%. Exxon Mobil’s payout ratio is currently 38.51%.

Insider Buying and Selling

In related news, Director Jeffrey W. Ubben purchased 960,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were bought at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the purchase, the director now directly owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the sale, the vice president now owns 27,863 shares in the company, valued at approximately $2,635,839.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey W. Ubben bought 960,000 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were acquired at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the purchase, the director now owns 1,137,000 shares in the company, valued at approximately $100,635,870. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on XOM shares. Piper Sandler cut their price objective on Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating for the company in a report on Monday, September 12th. Bank of America increased their target price on Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a report on Monday, August 1st. The Goldman Sachs Group increased their target price on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a report on Wednesday, June 8th. Morgan Stanley increased their target price on Exxon Mobil from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, September 6th. Finally, Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their target price for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $96.69.

About Exxon Mobil

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

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

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