Pettinga Financial Advisors LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 13.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,178 shares of the oil and gas company’s stock after selling 999 shares during the period. Pettinga Financial Advisors LLC’s holdings in Exxon Mobil were worth $718,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in XOM. PFS Partners LLC raised its stake in shares of 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 grew its holdings in shares of Exxon Mobil by 0.8% in the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock worth $1,524,000 after purchasing an additional 97 shares during the last quarter. Boltwood Capital Management grew its holdings in shares of Exxon Mobil by 0.4% in the 4th 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 last quarter. Stolper Co grew 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 during the last quarter. Finally, CMG Global Holdings LLC grew its holdings in shares of 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 worth $2,483,000 after purchasing an additional 99 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Stock Performance
NYSE XOM opened at $114.96 on Tuesday. The firm’s fifty day moving average price is $115.25 and its two-hundred day moving average price is $109.72. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm has a market capitalization of $453.29 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 4.14 and a beta of 0.91. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the firm earned $2.83 EPS. Exxon Mobil’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, research analysts anticipate that Exxon Mobil Co. will post 9.28 EPS for the current year.Exxon Mobil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.31%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.
Insider Buying and Selling at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the 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 transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Barclays assumed coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Truist Financial restated a “hold” rating and issued a $124.00 price objective (down previously from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Scotiabank increased their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. TD Cowen upped their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Finally, Mizuho lifted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $133.82.
Read Our Latest Report 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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