Edmonds Duncan Registered Investment Advisors LLC Cuts Position in Exxon Mobil Co. (NYSE:XOM)

Edmonds Duncan Registered Investment Advisors LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 29.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,692 shares of the oil and gas company’s stock after selling 2,399 shares during the period. Edmonds Duncan Registered Investment Advisors LLC’s holdings in Exxon Mobil were worth $610,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. FMR LLC increased its stake in Exxon Mobil by 1.9% during the 1st quarter. FMR LLC now owns 144,949,334 shares of the oil and gas company’s stock worth $15,895,144,000 after buying an additional 2,680,850 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Exxon Mobil by 140,855.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after purchasing an additional 123,254,064 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Exxon Mobil by 0.7% in the first quarter. Geode Capital Management LLC now owns 73,871,122 shares of the oil and gas company’s stock valued at $8,084,883,000 after purchasing an additional 520,794 shares in the last quarter. Morgan Stanley grew its position in shares of Exxon Mobil by 11.9% in the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after purchasing an additional 5,566,797 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Exxon Mobil by 16.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company’s stock valued at $5,218,954,000 after purchasing an additional 6,580,247 shares in the last quarter. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on XOM. Royal Bank of Canada restated a “sector perform” rating and issued a $125.00 price target on shares of Exxon Mobil in a research report on Wednesday, July 19th. Wolfe Research lowered Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. Truist Financial decreased their price objective on Exxon Mobil from $118.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, July 24th. HSBC upped their price objective on Exxon Mobil from $110.00 to $116.00 in a report on Wednesday, August 9th. Finally, Piper Sandler decreased their price objective on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.43.

Insider Activity at Exxon Mobil

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

Exxon Mobil Stock Down 1.5 %

Exxon Mobil stock opened at $116.72 on Friday. Exxon Mobil Co. has a twelve month low of $83.89 and a twelve month high of $119.92. The stock’s fifty day simple moving average is $108.38 and its 200-day simple moving average is $108.47. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $467.25 billion, a P/E ratio of 9.34, a P/E/G ratio of 0.61 and a beta of 1.08.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 earnings per share 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 company had revenue of $82.91 billion for the quarter, compared to analysts’ expectations of $81.80 billion. During the same period in the prior year, the company posted $4.14 EPS. The firm’s revenue was down 28.3% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.12%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 29.12%.

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.