FDx Advisors Inc. Sells 7,157 Shares of Exxon Mobil Co. (NYSE:XOM)

FDx Advisors Inc. lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 62.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,374 shares of the oil and gas company’s stock after selling 7,157 shares during the period. FDx Advisors Inc.’s holdings in Exxon Mobil were worth $504,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in XOM. Belpointe Asset Management LLC boosted its position in Exxon Mobil by 9.8% during the 2nd quarter. Belpointe Asset Management LLC now owns 69,023 shares of the oil and gas company’s stock valued at $7,946,000 after acquiring an additional 6,170 shares in the last quarter. Consolidated Planning Corp lifted its stake in shares of Exxon Mobil by 46.8% in the 2nd quarter. Consolidated Planning Corp now owns 5,095 shares of the oil and gas company’s stock valued at $587,000 after purchasing an additional 1,625 shares during the period. Strategy Asset Managers LLC boosted its position in shares of Exxon Mobil by 217.6% during the second quarter. Strategy Asset Managers LLC now owns 16,268 shares of the oil and gas company’s stock valued at $1,745,000 after purchasing an additional 11,146 shares in the last quarter. Community Bank & Trust Waco Texas grew its stake in Exxon Mobil by 8.6% in the second quarter. Community Bank & Trust Waco Texas now owns 85,513 shares of the oil and gas company’s stock worth $9,844,000 after purchasing an additional 6,788 shares during the period. Finally, Larson Financial Group LLC raised its holdings in Exxon Mobil by 28.1% in the second quarter. Larson Financial Group LLC now owns 12,362 shares of the oil and gas company’s stock worth $1,423,000 after purchasing an additional 2,709 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.4 %

Shares of NYSE:XOM opened at $112.70 on Friday. The stock has a 50 day moving average of $115.94 and a 200 day moving average of $114.72. The company has a market cap of $444.38 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 4.70 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.94 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 8.37 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.37%. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. Barclays dropped their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Wolfe Research began coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Truist Financial cut their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Finally, UBS Group increased their price objective on shares of Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Seven research 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 stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $136.29.

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.