Commonwealth Financial Services LLC Reduces Stock Holdings in Exxon Mobil Corporation $XOM

Commonwealth Financial Services LLC trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,592 shares of the oil and gas company’s stock after selling 190 shares during the quarter. Commonwealth Financial Services LLC’s holdings in Exxon Mobil were worth $2,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Axis Wealth Partners LLC grew its stake in Exxon Mobil by 1.8% during the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock valued at $545,000 after purchasing an additional 90 shares during the last quarter. Park Edge Advisors LLC grew its stake in Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after purchasing an additional 91 shares during the last quarter. Willow Creek Wealth Management Inc. grew its stake in Exxon Mobil by 3.6% during the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 91 shares during the last quarter. Chapin Davis Inc. grew its stake in Exxon Mobil by 2.1% during the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock valued at $497,000 after purchasing an additional 93 shares during the last quarter. Finally, Cascade Investment Group Inc. grew its stake in Exxon Mobil by 2.1% during the 2nd quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 93 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Piper Sandler set a $141.00 price target on Exxon Mobil in a research note on Tuesday, October 7th. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Finally, Mizuho decreased their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.05.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.40 on Wednesday. The stock has a market cap of $479.21 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 2.03 and a beta of 0.51. The business has a 50-day simple moving average of $111.52 and a 200-day simple moving average of $109.34. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. 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 company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Exxon Mobil Company 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.