Exxon Mobil Corporation $XOM Shares Sold by Accredited Investors Inc.

Accredited Investors Inc. lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,808 shares of the oil and gas company’s stock after selling 841 shares during the period. Accredited Investors Inc.’s holdings in Exxon Mobil were worth $1,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil in the 1st quarter valued at $29,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC lifted its stake in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after buying an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in Exxon Mobil during the second quarter worth about $38,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the company’s 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 transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $119.70 on Wednesday. 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. The stock has a market cap of $504.78 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The business has a fifty day moving average of $113.63 and a two-hundred day moving average of $110.45.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business 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 anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Analyst Upgrades and Downgrades

A number of analysts have commented on XOM shares. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. Barclays dropped their price target 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 increased their price target on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday, October 13th. Morgan Stanley boosted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Finally, Melius assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.67.

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.