LifeGuide Financial Advisors LLC Sells 115 Shares of Exxon Mobil Co. (NYSE:XOM)

LifeGuide Financial Advisors LLC decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,419 shares of the oil and gas company’s stock after selling 115 shares during the period. Exxon Mobil makes up about 0.4% of LifeGuide Financial Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. LifeGuide Financial Advisors LLC’s holdings in Exxon Mobil were worth $870,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil during the 1st quarter worth approximately $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC boosted its holdings in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new position in Exxon Mobil in the second quarter valued at $39,000. Finally, POM Investment Strategies LLC increased its stake in Exxon Mobil by 918.9% in 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 last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on XOM. Mizuho increased their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Redburn Atlantic reissued a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Sanford C. Bernstein lowered their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Morgan Stanley cut their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Truist Financial lowered their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $134.18.

Exxon Mobil Stock Performance

XOM traded up $1.09 on Monday, reaching $125.92. The company had a trading volume of 5,765,708 shares, compared to its average volume of 16,802,549. The stock has a market cap of $496.50 billion, a P/E ratio of 15.43, a P/E/G ratio of 4.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company’s fifty day moving average is $116.31 and its 200 day moving average is $116.02.

Exxon Mobil (NYSE:XOM) last posted 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 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 firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 earnings per share. As a group, analysts predict that Exxon Mobil Co. will post 8.06 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed 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 yield of 3.02%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

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.