CFM Wealth Partners LLC Sells 1,900 Shares of Exxon Mobil Corporation $XOM

CFM Wealth Partners LLC trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM) by 1.5% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 125,273 shares of the oil and gas company’s stock after selling 1,900 shares during the quarter. Exxon Mobil comprises approximately 2.1% of CFM Wealth Partners LLC’s portfolio, making the stock its 11th biggest position. CFM Wealth Partners LLC’s holdings in Exxon Mobil were worth $13,504,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at about $29,000. Elequin Capital LP purchased a new position in shares of Exxon Mobil in the first quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings 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 worth $35,000 after buying an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC boosted its holdings 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 during the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of Exxon Mobil in the second quarter worth approximately $38,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 1.0%

XOM stock opened at $112.90 on Friday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $124.26. 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 $481.32 billion, a P/E ratio of 16.04, a PEG ratio of 2.06 and a beta of 0.51. The business’s 50-day moving average price is $111.30 and its 200-day moving average price is $109.52.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. During the same period in the previous year, the firm earned $2.14 EPS. The firm’s revenue was down 12.4% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s payout ratio is currently 56.25%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was 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 of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on XOM shares. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Thursday. UBS Group raised their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Morgan Stanley raised their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an “overweight” rating in a report on Thursday, June 26th. Finally, Piper Sandler set a $141.00 price objective on Exxon Mobil in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.95.

About Exxon Mobil

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.