Exxon Mobil Corporation $XOM Shares Sold by Arbor Trust Wealth Advisors LLC

Arbor Trust Wealth Advisors LLC reduced its stake in Exxon Mobil Corporation (NYSE:XOM) by 9.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,911 shares of the oil and gas company’s stock after selling 866 shares during the period. Arbor Trust Wealth Advisors LLC’s holdings in Exxon Mobil were worth $853,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Zions Bancorporation National Association UT lifted its holdings in shares of Exxon Mobil by 39.6% in the 2nd quarter. Zions Bancorporation National Association UT now owns 101,412 shares of the oil and gas company’s stock worth $10,932,000 after purchasing an additional 28,764 shares during the last quarter. Future Fund LLC increased its position in Exxon Mobil by 10.2% in the second quarter. Future Fund LLC now owns 7,557 shares of the oil and gas company’s stock worth $815,000 after buying an additional 702 shares during the period. Midwest Trust Co acquired a new stake in Exxon Mobil in the second quarter worth $68,853,000. LFA Lugano Financial Advisors SA lifted its stake in Exxon Mobil by 60.0% in the second quarter. LFA Lugano Financial Advisors SA now owns 765 shares of the oil and gas company’s stock valued at $82,000 after buying an additional 287 shares during the last quarter. Finally, DJE Kapital AG boosted its holdings in shares of Exxon Mobil by 6.2% during the second quarter. DJE Kapital AG now owns 39,643 shares of the oil and gas company’s stock valued at $4,292,000 after acquiring an additional 2,300 shares during the period. 61.80% of the stock is owned by institutional investors.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were 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 in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

NYSE XOM opened at $117.19 on Friday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The firm has a market capitalization of $499.59 billion, a PE ratio of 16.65, a P/E/G ratio of 2.06 and a beta of 0.49. The company’s 50 day simple moving average is $113.45 and its 200 day simple moving average is $110.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM) last released its 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 firm had revenue of $57.55 billion during the quarter. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of analyst reports. Melius Research started coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Mizuho reduced their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a research note on Tuesday, October 7th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. Finally, Morgan Stanley increased their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $128.50.

Exxon Mobil Company 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.