180 Wealth Advisors LLC Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

180 Wealth Advisors LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 3.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,756 shares of the oil and gas company’s stock after selling 1,462 shares during the quarter. Exxon Mobil comprises about 0.9% of 180 Wealth Advisors LLC’s holdings, making the stock its 17th biggest holding. 180 Wealth Advisors LLC’s holdings in Exxon Mobil were worth $5,408,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Exxon Mobil by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after purchasing an additional 1,269,495 shares during the last quarter. Norges Bank bought a new stake in shares of Exxon Mobil during the 4th quarter worth $5,519,753,000. Price T Rowe Associates Inc. MD grew its position in Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after acquiring an additional 2,676,652 shares in the last quarter. Capital International Investors increased its stake in Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after acquiring an additional 5,523,429 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Exxon Mobil by 6.0% during the 4th quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock valued at $1,838,462,000 after buying an additional 1,037,226 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. TD Cowen boosted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Wells Fargo & Company dropped their target price on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. UBS Group raised their price target on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Truist Financial dropped their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.39.

Exxon Mobil Trading Down 0.2 %

Shares of XOM traded down $0.22 during trading hours on Thursday, reaching $118.73. 11,562,915 shares of the company traded hands, compared to its average volume of 17,265,783. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a market capitalization of $468.15 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The company’s fifty day moving average price is $114.49 and its two-hundred day moving average price is $113.19. 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 issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the business earned $1.94 EPS. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Exxon Mobil 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.