Exxon Mobil Co. (NYSE:XOM) Shares Sold by Alpha Financial Partners LLC - Defense World

Alpha Financial Partners LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,753 shares of the oil and gas company’s stock after selling 614 shares during the period. Alpha Financial Partners LLC’s holdings in Exxon Mobil were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Traynor Capital Management Inc. increased its position in Exxon Mobil by 4.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock valued at $276,000 after acquiring an additional 94 shares during the period. Money Concepts Capital Corp increased its position in Exxon Mobil by 3.1% in the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock valued at $367,000 after acquiring an additional 95 shares during the period. Defined Wealth Management LLC increased its position in Exxon Mobil by 2.4% in the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock valued at $476,000 after acquiring an additional 96 shares during the period. Fluent Financial LLC increased its position in Exxon Mobil by 2.8% in the 3rd quarter. Fluent Financial LLC now owns 3,610 shares of the oil and gas company’s stock valued at $424,000 after acquiring an additional 97 shares during the period. Finally, Well Done LLC increased its position in Exxon Mobil by 0.8% in the 3rd quarter. Well Done LLC now owns 12,436 shares of the oil and gas company’s stock valued at $1,462,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $120.37 on Monday. The business’s 50 day simple moving average is $109.87 and its 200-day simple moving average is $106.12. The firm has a market capitalization of $476.46 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 4.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the prior year, the company earned $3.40 EPS. Exxon Mobil’s revenue was down 11.6% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.54 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. UBS Group lifted their price objective on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company lifted their price objective on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Piper Sandler lowered their price objective on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

View Our Latest Stock Report on XOM

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Profile

(Free Report)

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.