Sowell Financial Services LLC Sells 4,666 Shares of Exxon Mobil Co. (NYSE:XOM)

Sowell Financial Services LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 123,287 shares of the oil and gas company's stock after selling 4,666 shares during the period. Exxon Mobil comprises approximately 0.7% of Sowell Financial Services LLC's holdings, making the stock its 24th largest position. Sowell Financial Services LLC's holdings in Exxon Mobil were worth $14,452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new position in Exxon Mobil in the first quarter worth approximately $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil in the 2nd quarter worth $35,000. Anfield Capital Management LLC lifted its position 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 valued at $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new stake in Exxon Mobil during the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC grew its holdings in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 340 shares during the period. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Truist Financial lowered their price objective on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a research report on Monday. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Sanford C. Bernstein dropped their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating for the company in a research report on Wednesday, July 17th. Barclays decreased their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Morgan Stanley dropped their target price on shares of Exxon Mobil from $145.00 to $142.00 and set an "overweight" rating for the company in a report on Monday, September 16th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus price target of $134.18.

Exxon Mobil Price Performance

XOM traded up $2.21 during trading hours on Friday, hitting $124.79. The company's stock had a trading volume of 19,752,385 shares, compared to its average volume of 16,859,965. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $125.19. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business's 50-day moving average price is $116.31 and its 200-day moving average price is $115.98. The stock has a market cap of $492.05 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 4.86 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter last year, the firm earned $1.94 EPS. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 8.06 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Thursday, August 15th. Exxon Mobil's dividend payout ratio is currently 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.