Exxon Mobil Co. (NYSE:XOM) Shares Bought by Verdence Capital Advisors LLC - Defense World

Exxon Mobil logo Verdence Capital Advisors LLC raised its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.4% in the first quarter, HoldingsChannel.com reports. The fund owned 122,128 shares of the oil and gas company’s stock after buying an additional 1,728 shares during the quarter. Exxon Mobil accounts for 1.1% of Verdence Capital Advisors LLC’s portfolio, making the stock its 12th biggest position. Verdence Capital Advisors LLC’s holdings in Exxon Mobil were worth $10,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Mengis Capital Management Inc. raised its holdings in shares of Exxon Mobil by 0.3% during the first quarter. Mengis Capital Management Inc. now owns 70,639 shares of the oil and gas company’s stock valued at $5,834,000 after buying an additional 225 shares during the last quarter. Willow Creek Wealth Management Inc. bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $204,000. Private Wealth Partners LLC raised its holdings in shares of Exxon Mobil by 4.1% during the first quarter. Private Wealth Partners LLC now owns 12,087 shares of the oil and gas company’s stock valued at $998,000 after buying an additional 473 shares during the last quarter. SPC Financial Inc. bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $228,000. Finally, D Orazio & Associates Inc. raised its holdings in shares of Exxon Mobil by 4.6% during the first quarter. D Orazio & Associates Inc. now owns 13,125 shares of the oil and gas company’s stock valued at $1,084,000 after buying an additional 573 shares during the last quarter. Institutional investors own 54.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XOM. Credit Suisse Group raised Exxon Mobil from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $115.00 to $125.00 in a report on Tuesday, June 21st. Piper Sandler raised Exxon Mobil from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $102.00 to $109.00 in a report on Tuesday, July 19th. Citigroup boosted their target price on Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, May 19th. Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, Barclays boosted their target price on Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $94.73.

Insider Activity

In other news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the transaction, the vice president now directly owns 30,363 shares in the company, valued at approximately $3,121,620.03. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now directly owns 32,510 shares in the company, valued at $3,142,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Down 0.8 %

NYSE XOM opened at $87.08 on Monday. Exxon Mobil Co. has a twelve month low of $52.10 and a twelve month high of $105.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. The stock has a market cap of $366.83 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.32 and a beta of 1.07. The firm’s 50 day moving average price is $91.32 and its two-hundred day moving average price is $84.67.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The company had revenue of $90.50 billion for the quarter, compared to analysts’ expectations of $83.57 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The company’s revenue was up 53.0% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Co. will post 11.46 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Thursday, May 12th. Exxon Mobil’s dividend payout ratio is currently 58.37%.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.