CAP Partners LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,089 shares of the oil and gas company’s stock after selling 112 shares during the quarter. CAP Partners LLC’s holdings in Exxon Mobil were worth $475,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Partnership Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter worth approximately $46,000. Vima LLC purchased a new position in Exxon Mobil in the fourth quarter worth approximately $50,000. Keener Financial Planning LLC purchased a new position in Exxon Mobil in the fourth quarter worth approximately $80,000. Neo Ivy Capital Management purchased a new position in Exxon Mobil in the fourth quarter worth approximately $80,000. Finally, Orion Capital Management LLC purchased a new position in Exxon Mobil in the third quarter worth approximately $91,000. Institutional investors and hedge funds own 61.80% of the company’s stock.
Exxon Mobil Trading Up 0.6 %
NYSE:XOM opened at $114.81 on Thursday. The firm has a market cap of $452.70 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 4.14 and a beta of 0.91. The stock has a fifty day moving average price of $115.00 and a 200 day moving average price of $109.91. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. 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 posted 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 net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the prior year, the business earned $2.83 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Sell-side analysts anticipate that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders 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 presently 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 stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
XOM has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Truist Financial restated a “hold” rating and set a $124.00 price target (down from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Scotiabank raised their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Morgan Stanley restated an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. Finally, TD Cowen raised their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.82.
Get Our Latest Research Report on Exxon Mobil
Exxon Mobil Company 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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