Exxon Mobil Co. (NYSE:XOM) Shares Sold by Avaii Wealth Management LLC

Avaii Wealth Management LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 16.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,165 shares of the oil and gas company’s stock after selling 1,381 shares during the period. Avaii Wealth Management LLC’s holdings in Exxon Mobil were worth $840,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its holdings in Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after buying an additional 14,158,054 shares during the last quarter. Global Assets Advisory LLC lifted its holdings in Exxon Mobil by 16,399.4% during the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock worth $1,466,589,000 after buying an additional 12,540,435 shares during the last quarter. Primecap Management Co. CA acquired a new position in shares of Exxon Mobil during the 2nd quarter worth about $980,210,000. Capital International Investors increased its holdings in shares of Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after acquiring an additional 5,523,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after acquiring an additional 5,330,887 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on XOM shares. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. Mizuho upped their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Bank of America began coverage on Exxon Mobil in a research note on Thursday. They set a “neutral” rating and a $124.00 price target on the stock. Truist Financial decreased their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Finally, Redburn Atlantic restated a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $131.44.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $120.35 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The firm has a market capitalization of $474.54 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The business’s 50 day simple moving average is $117.37 and its 200-day simple moving average is $116.49.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 earnings per share. As a group, equities analysts forecast that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.