McGlone Suttner Wealth Management Inc. Has $1.40 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

McGlone Suttner Wealth Management Inc. lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,178 shares of the oil and gas company’s stock after selling 631 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Exxon Mobil were worth $1,402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Tyche Wealth Partners LLC increased its stake in shares of Exxon Mobil by 1.6% in the 2nd quarter. Tyche Wealth Partners LLC now owns 140,738 shares of the oil and gas company’s stock valued at $16,202,000 after buying an additional 2,175 shares during the period. Harrell Investment Partners LLC boosted its stake in shares of Exxon Mobil by 3.9% in the 2nd quarter. Harrell Investment Partners LLC now owns 28,360 shares of the oil and gas company’s stock valued at $3,265,000 after purchasing an additional 1,054 shares during the last quarter. Barnes Pettey Financial Advisors LLC grew its position in shares of Exxon Mobil by 15.8% during the 2nd quarter. Barnes Pettey Financial Advisors LLC now owns 6,428 shares of the oil and gas company’s stock worth $740,000 after buying an additional 875 shares during the period. Everpar Advisors LLC boosted its stake in Exxon Mobil by 43.6% in the second quarter. Everpar Advisors LLC now owns 13,705 shares of the oil and gas company’s stock valued at $1,578,000 after acquiring an additional 4,159 shares during the last quarter. Finally, Petra Financial Advisors Inc. grew its holdings in Exxon Mobil by 7.5% during the 2nd quarter. Petra Financial Advisors Inc. now owns 2,187 shares of the oil and gas company’s stock worth $252,000 after acquiring an additional 153 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Down 0.5 %

XOM stock opened at $118.17 on Monday. The company has a market cap of $465.95 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The business has a 50 day moving average price of $114.69 and a two-hundred day moving average price of $113.47. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 EPS. Analysts anticipate that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on XOM. Morgan Stanley restated an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. Truist Financial cut their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Sanford C. Bernstein reduced their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. HSBC upped their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, TD Cowen lifted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.39.

Exxon Mobil Company 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.