Enclave Advisors LLC Trims Stock Position in Exxon Mobil Corporation $XOM

Enclave Advisors LLC lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 21.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,087 shares of the oil and gas company’s stock after selling 21,395 shares during the period. Exxon Mobil comprises approximately 1.3% of Enclave Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Enclave Advisors LLC’s holdings in Exxon Mobil were worth $8,579,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Game Plan Financial Advisors LLC raised its position in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares in the last quarter. 1248 Management LLC purchased a new position in shares of Exxon Mobil during the first quarter valued at $40,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Exxon Mobil in the second quarter valued at about $38,000. Bare Financial Services Inc lifted its stake in Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 201 shares during the period. Finally, Investment Research & Advisory Group Inc. bought a new position in Exxon Mobil during the 2nd quarter worth about $42,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of several recent research reports. TD Cowen boosted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday, December 12th. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. UBS Group reaffirmed a “buy” rating on shares of Exxon Mobil in a research report on Tuesday, December 9th. Finally, Citigroup raised their price objective on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.45.

Exxon Mobil Stock Performance

Shares of XOM opened at $119.39 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The firm has a market cap of $503.49 billion, a PE ratio of 17.35, a P/E/G ratio of 7.49 and a beta of 0.38. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $120.81. The stock has a fifty day moving average price of $116.52 and a 200-day moving average price of $113.09.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the sale, the vice president owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.