WFA of San Diego LLC Sells 450 Shares of Exxon Mobil Co. (NYSE:XOM)

WFA of San Diego LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,791 shares of the oil and gas company’s stock after selling 450 shares during the period. Exxon Mobil makes up about 1.1% of WFA of San Diego LLC’s holdings, making the stock its 21st biggest position. WFA of San Diego LLC’s holdings in Exxon Mobil were worth $1,157,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. KB Financial Partners LLC bought a new position in shares of Exxon Mobil in the first quarter valued at approximately $27,000. Financial Connections Group Inc. boosted its holdings in Exxon Mobil by 105.4% in the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 157 shares during the period. Trivant Custom Portfolio Group LLC purchased a new position in shares of Exxon Mobil during the 1st quarter valued at $38,000. Country Trust Bank increased its holdings in shares of Exxon Mobil by 64.1% in the second quarter. Country Trust Bank now owns 384 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 150 shares during the period. Finally, FWL Investment Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth $43,000. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In other news, Director Jeffrey W. Ubben acquired 250,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were acquired at an average cost of $105.97 per share, with a total value of $26,492,500.00. Following the transaction, the director now owns 2,077,000 shares in the company, valued at approximately $220,099,690. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other Exxon Mobil news, Director Jeffrey W. Ubben bought 250,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were purchased at an average price of $105.97 per share, for a total transaction of $26,492,500.00. Following the acquisition, the director now owns 2,077,000 shares in the company, valued at approximately $220,099,690. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, VP Darrin L. Talley sold 1,500 shares of the 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 of the company’s stock, valued at $3,193,780. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, September 22nd. StockNews.com started coverage on shares of Exxon Mobil in a research report on Thursday, October 5th. They set a “hold” rating for the company. UBS Group decreased their price target on shares of Exxon Mobil from $143.00 to $142.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Bank of America lifted their price objective on shares of Exxon Mobil from $145.00 to $150.00 in a report on Wednesday, September 27th. Finally, Jefferies Financial Group increased their target price on Exxon Mobil from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Trading Up 0.3 %

XOM traded up $0.33 during trading on Monday, hitting $105.29. 2,426,204 shares of the stock traded hands, compared to its average volume of 16,875,863. The firm has a market capitalization of $417.26 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 3.72 and a beta of 1.07. Exxon Mobil Co. has a 12-month low of $98.02 and a 12-month high of $120.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 1.08. The firm has a 50-day moving average of $110.60 and a 200 day moving average of $108.06.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $2.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.09). The business had revenue of $90.76 billion during the quarter, compared to the consensus estimate of $93.41 billion. Exxon Mobil had a return on equity of 20.72% and a net margin of 11.56%. The firm’s revenue for the quarter was down 19.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.45 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 9.3 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th will be issued a $0.95 dividend. The ex-dividend date is Tuesday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.91. This represents a $3.80 annualized dividend and a yield of 3.61%. Exxon Mobil’s dividend payout ratio is 37.74%.

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.