First Command Advisory Services Inc. Cuts Stake in Exxon Mobil Corporation $XOM

by · The Cerbat Gem

First Command Advisory Services Inc. lowered its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,009 shares of the oil and gas company’s stock after selling 1,933 shares during the quarter. First Command Advisory Services Inc.’s holdings in Exxon Mobil were worth $4,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. Eagle Capital Management LLC boosted its stake in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares in the last quarter. Ironwood Wealth Management LLC. bought a new stake in Exxon Mobil in the first quarter valued at approximately $200,000. Brucke Financial Inc. lifted its position in Exxon Mobil by 2.1% in the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after purchasing an additional 142 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Exxon Mobil by 3.9% in the first quarter. Golden State Wealth Management LLC now owns 9,659 shares of the oil and gas company’s stock valued at $1,149,000 after purchasing an additional 360 shares during the last quarter. Finally, Cornerstone Advisors Asset Management LLC bought a new stake in Exxon Mobil in the first quarter valued at approximately $230,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several analysts have weighed in on XOM shares. Barclays lowered their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. UBS Group boosted their price objective on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Wells Fargo & Company started coverage on Exxon Mobil in a research report on Friday, October 17th. They issued an “overweight” rating and a $156.00 price objective for the company. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Piper Sandler set a $141.00 target price on Exxon Mobil in a report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.58.

Check Out Our Latest Research Report on XOM

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $115.07 on Wednesday. The company has a market cap of $490.56 billion, a PE ratio of 16.34, a P/E/G ratio of 2.06 and a beta of 0.51. The business has a 50 day moving average of $112.92 and a 200 day moving average of $109.74. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. 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 (NYSE:XOMGet Free Report) last issued 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 for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is presently 56.25%.

About Exxon Mobil

(Free Report)

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.

Read More