Allen Mooney & Barnes Investment Advisors LLC Sells 2,446 Shares of Exxon Mobil Co. (NYSE:XOM)

Allen Mooney & Barnes Investment Advisors LLC cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,740 shares of the oil and gas company’s stock after selling 2,446 shares during the quarter. Exxon Mobil comprises 3.0% of Allen Mooney & Barnes Investment Advisors LLC’s portfolio, making the stock its 6th biggest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Exxon Mobil were worth $17,904,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC boosted its position in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC raised its holdings in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $124.11 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $117.09 and its two-hundred day moving average price is $116.40. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The stock has a market capitalization of $489.37 billion, a P/E ratio of 15.21, a P/E/G ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced 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. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 8.11 earnings per share 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 paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on XOM shares. Sanford C. Bernstein decreased their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Truist Financial lowered their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a report on Tuesday, October 8th. UBS Group decreased their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Finally, Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.88.

About Exxon Mobil

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.