Compass Ion Advisors LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,526 shares of the oil and gas company’s stock after selling 276 shares during the quarter. Compass Ion Advisors LLC’s holdings in Exxon Mobil were worth $1,572,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. PFS Partners LLC increased its position in Exxon Mobil by 0.5% in the 1st quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock valued at $2,190,000 after buying an additional 89 shares in the last quarter. Auxier Asset Management increased its holdings in shares of Exxon Mobil by 0.8% during the third quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock valued at $1,524,000 after acquiring an additional 97 shares in the last quarter. Boltwood Capital Management raised its position in shares of Exxon Mobil by 0.4% during the fourth quarter. Boltwood Capital Management now owns 25,445 shares of the oil and gas company’s stock worth $2,544,000 after purchasing an additional 98 shares during the period. Stolper Co lifted its holdings in shares of Exxon Mobil by 0.4% in the 1st quarter. Stolper Co now owns 23,809 shares of the oil and gas company’s stock worth $2,768,000 after purchasing an additional 98 shares in the last quarter. Finally, CMG Global Holdings LLC grew its position in Exxon Mobil by 0.4% in the 4th quarter. CMG Global Holdings LLC now owns 23,939 shares of the oil and gas company’s stock valued at $2,483,000 after purchasing an additional 99 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.
Exxon Mobil Stock Down 0.1 %
XOM opened at $114.96 on Tuesday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company’s 50-day moving average price is $115.25 and its two-hundred day moving average price is $109.72. The stock has a market cap of $453.29 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 4.14 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the previous year, the company posted $2.83 EPS. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current year.Exxon Mobil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.
Insider Buying and Selling at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on XOM shares. Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Mizuho raised their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. TD Cowen boosted their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Scotiabank raised their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Finally, Truist Financial reiterated a “hold” rating and set a $124.00 price target (down previously from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $133.82.
Read Our Latest Stock Analysis on Exxon Mobil
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.
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