Mills Wealth Advisors LLC Sells 162 Shares of Exxon Mobil Co. (NYSE:XOM)

Mills Wealth Advisors LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 4.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,167 shares of the oil and gas company’s stock after selling 162 shares during the period. Mills Wealth Advisors LLC’s holdings in Exxon Mobil were worth $365,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinion Investment Advisors LLC increased its position in shares of Exxon Mobil by 10.4% during the 2nd quarter. Pinion Investment Advisors LLC now owns 4,236 shares of the oil and gas company’s stock valued at $488,000 after purchasing an additional 400 shares during the last quarter. Hanson & Doremus Investment Management increased its holdings in Exxon Mobil by 1.9% during the second quarter. Hanson & Doremus Investment Management now owns 21,814 shares of the oil and gas company’s stock worth $2,511,000 after buying an additional 410 shares during the last quarter. Clear Investment Research LLC raised its position in Exxon Mobil by 34.8% in the second quarter. Clear Investment Research LLC now owns 1,403 shares of the oil and gas company’s stock worth $162,000 after acquiring an additional 362 shares during the period. Wilkins Investment Counsel Inc. boosted its stake in Exxon Mobil by 7.5% in the second quarter. Wilkins Investment Counsel Inc. now owns 65,259 shares of the oil and gas company’s stock valued at $7,513,000 after acquiring an additional 4,565 shares during the last quarter. Finally, Spectrum Wealth Counsel LLC grew its position in shares of Exxon Mobil by 795.7% during the 2nd quarter. Spectrum Wealth Counsel LLC now owns 65,093 shares of the oil and gas company’s stock valued at $7,493,000 after acquiring an additional 57,826 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on XOM. Truist Financial lowered their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Morgan Stanley dropped their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday. Wells Fargo & Company lowered their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. UBS Group increased their target price on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Finally, Barclays lowered their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $136.24.

Exxon Mobil Trading Up 1.4 %

Shares of XOM opened at $112.75 on Tuesday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a market capitalization of $444.57 billion, a P/E ratio of 13.82, a P/E/G ratio of 4.38 and a beta of 0.90. 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’s 50 day simple moving average is $115.67 and its 200 day simple moving average is $115.19.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) 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 the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.37%. Exxon Mobil’s payout ratio is 46.57%.

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.