Conservest Capital Advisors Inc. Sells 231 Shares of Exxon Mobil Corporation $XOM

Conservest Capital Advisors Inc. lessened its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,256 shares of the oil and gas company’s stock after selling 231 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in Exxon Mobil were worth $782,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XOM. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil in the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares during the period. Game Plan Financial Advisors LLC lifted its position in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $38,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on XOM shares. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a report on Tuesday, October 7th. Morgan Stanley upped their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Mizuho cut their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Finally, Melius Research started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.58.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $115.89 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $494.07 billion, a PE ratio of 16.46, a P/E/G ratio of 2.05 and a beta of 0.51. 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 $112.77 and a two-hundred day moving average price of $109.63.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm 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%. 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. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.4%. Exxon Mobil’s dividend payout ratio (DPR) is presently 56.25%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction 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 trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

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.