Long Run Wealth Advisors LLC Trims Stock Position in Exxon Mobil Corporation $XOM

Long Run Wealth Advisors LLC cut its holdings in Exxon Mobil Corporation (NYSE:XOM) by 14.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,544 shares of the oil and gas company’s stock after selling 1,877 shares during the period. Long Run Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,244,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Washington Trust Bank lifted its holdings in Exxon Mobil by 4.8% in the second quarter. Washington Trust Bank now owns 74,422 shares of the oil and gas company’s stock valued at $8,023,000 after acquiring an additional 3,403 shares during the last quarter. HORAN Wealth LLC purchased a new stake in Exxon Mobil in the second quarter valued at approximately $797,000. Horan Securities Inc. raised its position in Exxon Mobil by 7.4% in the second quarter. Horan Securities Inc. now owns 4,989 shares of the oil and gas company’s stock valued at $538,000 after purchasing an additional 344 shares during the period. Summit Wealth Group LLC raised its position in Exxon Mobil by 13.4% in the second quarter. Summit Wealth Group LLC now owns 3,999 shares of the oil and gas company’s stock valued at $431,000 after purchasing an additional 471 shares during the period. Finally, Sprucegrove Investment Management Ltd. raised its position in Exxon Mobil by 2.9% in the second quarter. Sprucegrove Investment Management Ltd. now owns 102,690 shares of the oil and gas company’s stock valued at $11,070,000 after purchasing an additional 2,900 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research analyst reports. Bank of America boosted their target price on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Barclays cut their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Finally, Mizuho decreased their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Two research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.50.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s 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 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 sale 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 Down 0.4%

Exxon Mobil stock opened at $113.73 on Thursday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a market cap of $484.86 billion, a PE ratio of 16.15, a P/E/G ratio of 2.06 and a beta of 0.49. The stock’s fifty day moving average is $113.37 and its two-hundred day moving average is $110.16.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion for the quarter. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio is 59.88%.

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.