Trust Investment Advisors has reduced its stake in **Exxon Mobil Corporation** (NYSE: XOM) by **3.6%** during the second quarter, as revealed in its latest **13F filing** with the **Securities and Exchange Commission** (SEC). The firm now holds **12,859 shares**, having sold **474 shares** during this period, representing a total value of approximately **$1,386,000** at the end of the reporting timeframe.
Other institutional investors have also adjusted their positions in Exxon Mobil. **Graybill Wealth Management LTD** acquired a new stake valued at **$29,000** in the first quarter. Similarly, **Elequin Capital LP** purchased shares worth about **$31,000** during the same period. **Clal Insurance Enterprises Holdings Ltd** notably increased its holdings by **396.7%**, now owning **298 shares** valued at **$35,000** after acquiring an additional **238 shares**. **Game Plan Financial Advisors LLC** expanded its position dramatically by **1,500.0%**, owning **320 shares** worth **$38,000** after purchasing **300 additional shares**. Lastly, **Marshall & Sullivan Inc. WA** entered a new position in the second quarter valued at around **$38,000**. Collectively, **61.80%** of Exxon Mobil’s stock is owned by hedge funds and other institutional investors.
Exxon Mobil Stock Performance
As of Wednesday, **Exxon Mobil’s stock** opened at **$115.07**, reflecting a **0.8%** decline. The company boasts a market capitalization of **$490.56 billion**, a price-to-earnings (PE) ratio of **16.34**, and a price-to-earnings-growth (PEG) ratio of **2.06**. The stock’s beta is **0.51**, indicating lower volatility compared to the overall market. Exxon Mobil’s financial ratios include a debt-to-equity ratio of **0.12**, a quick ratio of **0.88**, and a current ratio of **1.25**. Over the past year, the stock has fluctuated between a low of **$97.80** and a high of **$123.21**. Currently, its fifty-day moving average stands at **$112.92**, while the 200-day moving average is **$109.74**.
The company recently announced a quarterly dividend, which was paid out on **September 10**. Shareholders of record on **August 15** received a dividend of **$0.99 per share**, translating to an annualized dividend of **$3.96** and a yield of **3.4%**. The ex-dividend date for this distribution was also **August 15**. Exxon Mobil’s dividend payout ratio currently sits at **56.25%**.
Analyst Outlook and Recommendations
Several brokerages have provided updates regarding Exxon Mobil’s stock. **Piper Sandler** set a target price of **$141.00** in a report dated **October 7**. **Morgan Stanley** raised its price objective from **$134.00** to **$135.00**, maintaining an “overweight” rating as of **August 4**. **Wells Fargo & Company** initiated coverage on **October 17**, issuing an “overweight” rating with a price target of **$156.00**. **Melius** also began coverage on **August 20**, giving a “hold” rating with a target price of **$111.00**. Meanwhile, **Bank of America** increased its target price from **$113.00** to **$120.00**, maintaining a “neutral” rating as of **September 10**. Currently, two analysts have rated the stock as a **Strong Buy**, eight as a **Buy**, and ten as a **Hold**, leading to a consensus rating of **“Moderate Buy”** with an average price target of **$127.58**, according to **MarketBeat**.
In insider trading news, **Darrin L. Talley**, Vice President of Exxon Mobil, sold **2,158 shares** on **August 22** at an average price of **$110.45**, totaling **$238,351.10**. Following this transaction, Talley directly owns **13,829 shares** valued at approximately **$1,527,413.05**, marking a **13.50%** decrease in his ownership. This sale was disclosed in a filing with the SEC.
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas both in the United States and internationally. Its operations are divided into several segments, including Upstream, Energy Products, Chemical Products, and Specialty Products. The Upstream segment is primarily focused on the exploration and production of crude oil and natural gas.
