Acorn Creek Capital LLC Trims Position in Exxon Mobil Corporation $XOM

Acorn Creek Capital LLC lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 12.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,038 shares of the oil and gas company’s stock after selling 450 shares during the quarter. Acorn Creek Capital LLC’s holdings in Exxon Mobil were worth $327,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. LRI Investments LLC increased its position in Exxon Mobil by 3.3% during the second quarter. LRI Investments LLC now owns 41,433 shares of the oil and gas company’s stock valued at $4,466,000 after acquiring an additional 1,311 shares during the last quarter. Prostatis Group LLC increased its position in Exxon Mobil by 45.6% during the second quarter. Prostatis Group LLC now owns 23,923 shares of the oil and gas company’s stock valued at $2,579,000 after acquiring an additional 7,495 shares during the last quarter. CWM LLC increased its position in Exxon Mobil by 3.3% during the second quarter. CWM LLC now owns 771,927 shares of the oil and gas company’s stock valued at $83,214,000 after acquiring an additional 24,405 shares during the last quarter. Lodestar Private Asset Management LLC increased its position in Exxon Mobil by 26.2% during the second quarter. Lodestar Private Asset Management LLC now owns 12,163 shares of the oil and gas company’s stock valued at $1,311,000 after acquiring an additional 2,528 shares during the last quarter. Finally, Ackerman Capital Advisors LLC increased its position in Exxon Mobil by 2.4% during the second quarter. Ackerman Capital Advisors LLC now owns 19,545 shares of the oil and gas company’s stock valued at $2,107,000 after acquiring an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research reports. Piper Sandler set a $141.00 price objective on Exxon Mobil in a research report on Tuesday, October 7th. TD Cowen upped their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $126.05.

Exxon Mobil Stock Performance

NYSE:XOM opened at $111.76 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The stock has a 50-day moving average price of $111.63 and a 200 day moving average price of $109.36. The stock has a market capitalization of $476.46 billion, a P/E ratio of 15.87, a P/E/G ratio of 2.03 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion during the quarter. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.