Wedmont Private Capital grew its holdings in Exxon Mobil Co. (NYSE:XOM - Get Rating) by 13.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,876 shares of the oil and gas company's stock after acquiring an additional 4,259 shares during the period. Wedmont Private Capital's holdings in Exxon Mobil were worth $3,995,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in XOM. Dark Forest Capital Management LP acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $27,000. Corrado Advisors LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $28,000. My Personal CFO LLC lifted its stake in shares of Exxon Mobil by 15,000.0% in the fourth quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company's stock worth $262,000 after buying an additional 300 shares during the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $36,000. Finally, Financial Connections Group Inc. lifted its stake in shares of Exxon Mobil by 1,207.1% in the fourth quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company's stock worth $40,000 after buying an additional 338 shares during the last quarter. 58.59% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction of $290,275.00. Following the sale, the vice president now owns 29,272 shares of the company's stock, valued at approximately $3,398,771.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.04% of the company's stock.
Exxon Mobil Stock Down 0.5 %
XOM opened at $103.31 on Friday. The firm's 50-day simple moving average is $108.41 and its 200-day simple moving average is $109.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46. Exxon Mobil Co. has a twelve month low of $80.69 and a twelve month high of $119.92. The firm has a market cap of $417.68 billion, a price-to-earnings ratio of 6.99, a PEG ratio of 0.61 and a beta of 1.09.
Exxon Mobil (NYSE:XOM - Get Rating) last posted its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The business had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. During the same quarter in the prior year, the firm earned $2.07 EPS. The firm's quarterly revenue was down 4.3% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 9.59 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil's dividend payout ratio is currently 24.64%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on XOM shares. The Goldman Sachs Group cut shares of Exxon Mobil from a "buy" rating to a "neutral" rating and set a $125.00 price objective for the company. in a research note on Monday, May 1st. Truist Financial boosted their price objective on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. Scotiabank cut shares of Exxon Mobil from a "sector outperform" rating to a "sector perform" rating and cut their target price for the company from $140.00 to $135.00 in a research note on Thursday, April 13th. Mizuho cut their target price on shares of Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. Finally, HSBC upped their target price on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a "hold" rating in a research note on Thursday, April 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $124.70.
Exxon Mobil Company Profile
(Get Rating)Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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