Trek Financial LLC Decreases Stock Position in Exxon Mobil Co ... - MarketBeat

Trek Financial LLC cut its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 26.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,277 shares of the oil and gas company's stock after selling 1,156 shares during the quarter. Trek Financial LLC's holdings in Exxon Mobil were worth $359,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. United Bank boosted its position in shares of Exxon Mobil by 2.6% during the first quarter. United Bank now owns 15,250 shares of the oil and gas company's stock valued at $1,672,000 after buying an additional 385 shares during the period. Viawealth LLC boosted its holdings in Exxon Mobil by 3.4% during the 1st quarter. Viawealth LLC now owns 4,577 shares of the oil and gas company's stock valued at $502,000 after acquiring an additional 150 shares during the period. Private Portfolio Partners LLC grew its position in Exxon Mobil by 0.6% in the 1st quarter. Private Portfolio Partners LLC now owns 41,979 shares of the oil and gas company's stock valued at $4,603,000 after acquiring an additional 245 shares during the last quarter. Financial Partners Group LLC increased its stake in Exxon Mobil by 0.3% in the first quarter. Financial Partners Group LLC now owns 153,908 shares of the oil and gas company's stock worth $16,878,000 after purchasing an additional 442 shares during the period. Finally, Wetherby Asset Management Inc. lifted its position in shares of Exxon Mobil by 2.8% during the first quarter. Wetherby Asset Management Inc. now owns 70,266 shares of the oil and gas company's stock worth $7,705,000 after purchasing an additional 1,884 shares during the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM opened at $115.61 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The stock has a 50-day moving average of $107.54 and a two-hundred day moving average of $108.27. The stock has a market cap of $462.81 billion, a P/E ratio of 9.25, a P/E/G ratio of 0.60 and a beta of 1.08. Exxon Mobil Co. has a one year low of $83.89 and a one year high of $119.92.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing analysts' consensus estimates of $2.00 by ($0.06). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The firm had revenue of $82.91 billion for the quarter, compared to analyst estimates of $81.80 billion. During the same period last year, the firm earned $4.14 EPS. The company's revenue for the quarter was down 28.3% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 8.94 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.15%. Exxon Mobil's dividend payout ratio (DPR) is presently 29.12%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the transaction, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Jeffrey W. Ubben bought 458,000 shares of the business's stock in a transaction dated Monday, July 31st. The stock was purchased at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the acquisition, the director now directly owns 1,635,000 shares in the company, valued at $174,830,550. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the sale, the vice president now directly owns 27,772 shares in the company, valued at $3,193,780. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on XOM. StockNews.com assumed coverage on shares of Exxon Mobil in a research note on Thursday, August 17th. They issued a "hold" rating on the stock. Morgan Stanley lifted their target price on Exxon Mobil from $121.00 to $124.00 and gave the company an "overweight" rating in a research report on Friday, August 18th. HSBC increased their price target on Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $125.00 price objective on shares of Exxon Mobil in a research note on Wednesday, July 19th. Finally, Piper Sandler cut their target price on shares of Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average target price of $123.43.

Read Our Latest Report on Exxon Mobil

Exxon Mobil Company Profile

(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.