San Luis Wealth Advisors LLC Sells 10,017 Shares of Exxon Mobil Co. (NYSE:XOM)

by · The Cerbat Gem

San Luis Wealth Advisors LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 25.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,633 shares of the oil and gas company’s stock after selling 10,017 shares during the period. San Luis Wealth Advisors LLC’s holdings in Exxon Mobil were worth $3,356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Watts Gwilliam & Co. LLC acquired a new stake in Exxon Mobil during the third quarter valued at approximately $1,580,000. GEM Asset Management LLC acquired a new stake in Exxon Mobil during the third quarter valued at approximately $389,000. Financial Advisory Partners LLC acquired a new stake in Exxon Mobil during the third quarter valued at approximately $2,298,000. Steigerwald Gordon & Koch Inc. boosted its holdings in Exxon Mobil by 7.5% during the third quarter. Steigerwald Gordon & Koch Inc. now owns 7,666 shares of the oil and gas company’s stock valued at $899,000 after purchasing an additional 533 shares in the last quarter. Finally, Matrix Trust Co boosted its holdings in Exxon Mobil by 1.7% during the third quarter. Matrix Trust Co now owns 19,851 shares of the oil and gas company’s stock valued at $2,327,000 after purchasing an additional 323 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on XOM shares. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $129.00 to $145.00 in a report on Thursday. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a report on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Tuesday. Mizuho lifted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Wolfe Research started coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.61.

Get Our Latest Stock Report on Exxon Mobil

Exxon Mobil Stock Performance

XOM stock opened at $123.14 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 company has a 50 day moving average price of $116.77 and a 200 day moving average price of $116.26. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The stock has a market capitalization of $485.54 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM – Get Free Report) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate 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 net margin of 9.73% and a return on equity of 16.07%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS. Analysts forecast that Exxon Mobil Co. will post 8.11 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is 45.45%.

About Exxon Mobil

(Free Report)

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.

Further Reading

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