Ethos Financial Group LLC Sells 4,021 Shares of Exxon Mobil Corporation $XOM

Ethos Financial Group LLC reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 7.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,783 shares of the oil and gas company’s stock after selling 4,021 shares during the quarter. Ethos Financial Group LLC’s holdings in Exxon Mobil were worth $5,690,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of XOM. Stone House Investment Management LLC lifted its stake in Exxon Mobil by 29.0% in the second quarter. Stone House Investment Management LLC now owns 1,404 shares of the oil and gas company’s stock worth $151,000 after purchasing an additional 316 shares during the last quarter. Centerpoint Advisory Group lifted its position in shares of Exxon Mobil by 13.5% in the 2nd quarter. Centerpoint Advisory Group now owns 3,109 shares of the oil and gas company’s stock worth $335,000 after purchasing an additional 370 shares during the period. Brooktree Capital Management bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $1,086,000. Resona Asset Management Co. Ltd. raised its stake in Exxon Mobil by 5.7% in the second quarter. Resona Asset Management Co. Ltd. now owns 1,526,175 shares of the oil and gas company’s stock worth $164,892,000 after buying an additional 81,855 shares in the last quarter. Finally, Atlantic Union Bankshares Corp lifted its holdings in Exxon Mobil by 81.4% in the second quarter. Atlantic Union Bankshares Corp now owns 236,971 shares of the oil and gas company’s stock worth $25,545,000 after buying an additional 106,353 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

XOM stock opened at $113.73 on Thursday. The stock’s 50 day simple moving average is $113.37 and its 200 day simple moving average is $110.16. 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 market capitalization of $484.86 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49.

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. 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%. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on XOM. Melius Research started coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Melius began coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Barclays dropped their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research note on Monday. Finally, Morgan Stanley boosted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.50.

About Exxon Mobil

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.