Janiczek Wealth Management LLC Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Janiczek Wealth Management LLC cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,822 shares of the oil and gas company’s stock after selling 327 shares during the period. Janiczek Wealth Management LLC’s holdings in Exxon Mobil were worth $1,161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the business. Axiom Financial Strategies LLC grew its position in shares of Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 1,173 shares during the period. Retirement Income Solutions Inc purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $275,000. Loomis Sayles & Co. L P lifted its stake in shares of Exxon Mobil by 318.8% in the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 13,065 shares during the last quarter. Ergoteles LLC lifted its holdings in shares of Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC acquired a new position in Exxon Mobil in the 1st quarter valued at about $237,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Jeffrey W. Ubben bought 458,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were bought at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the purchase, the director now directly owns 1,635,000 shares in the company, valued at $174,830,550. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of several recent analyst reports. Truist Financial dropped their target price on Exxon Mobil from $118.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, July 24th. Wolfe Research downgraded Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. StockNews.com assumed coverage on Exxon Mobil in a research report on Thursday, August 17th. They issued a “hold” rating for the company. UBS Group upped their price target on shares of Exxon Mobil from $135.00 to $139.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Finally, Morgan Stanley boosted their price objective on shares of Exxon Mobil from $121.00 to $124.00 and gave the company an “overweight” rating in a research report on Friday, August 18th. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $123.78.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $117.69 on Tuesday. The stock’s 50 day moving average price is $108.65 and its 200 day moving average price is $108.49. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The stock has a market cap of $471.14 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.61 and a beta of 1.08. Exxon Mobil Co. has a 12 month low of $83.89 and a 12 month high of $119.92.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The firm had revenue of $82.91 billion for the quarter, compared to analyst estimates of $81.80 billion. During the same period in the previous year, the firm earned $4.14 earnings per share. Exxon Mobil’s revenue was down 28.3% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were issued a $0.91 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.09%. Exxon Mobil’s dividend payout ratio is currently 29.12%.

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.