Folger Nolan Fleming Douglas Capital Management Inc. Sells 1,110 Shares of Exxon Mobil Co. (NYSE:XOM)

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 88,449 shares of the oil and gas company’s stock after selling 1,110 shares during the quarter. Exxon Mobil comprises 1.0% of Folger Nolan Fleming Douglas Capital Management Inc.’s portfolio, making the stock its 27th biggest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Exxon Mobil were worth $8,843,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Roberts Wealth Advisors LLC boosted its stake in shares of Exxon Mobil by 1.0% in the 3rd quarter. Roberts Wealth Advisors LLC now owns 15,326 shares of the oil and gas company’s stock worth $1,685,000 after buying an additional 148 shares during the last quarter. Argus Investors Counsel Inc. boosted its stake in shares of Exxon Mobil by 1.5% in the 3rd quarter. Argus Investors Counsel Inc. now owns 20,350 shares of the oil and gas company’s stock worth $2,393,000 after buying an additional 300 shares during the last quarter. Summit Financial Group Inc. lifted its stake in Exxon Mobil by 8.8% in the third quarter. Summit Financial Group Inc. now owns 49,361 shares of the oil and gas company’s stock valued at $5,804,000 after purchasing an additional 4,002 shares during the last quarter. S.E.E.D. Planning Group LLC lifted its stake in Exxon Mobil by 90.0% in the third quarter. S.E.E.D. Planning Group LLC now owns 4,271 shares of the oil and gas company’s stock valued at $502,000 after purchasing an additional 2,023 shares during the last quarter. Finally, New Hampshire Trust lifted its stake in Exxon Mobil by 0.4% in the third quarter. New Hampshire Trust now owns 49,111 shares of the oil and gas company’s stock valued at $5,774,000 after purchasing an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 2.8 %

NYSE XOM traded down $3.37 during trading on Friday, hitting $117.96. 27,289,468 shares of the company’s stock traded hands, compared to its average volume of 16,002,832. The stock has a fifty day moving average of $113.33 and a two-hundred day moving average of $106.64. 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. The firm has a market cap of $466.92 billion, a P/E ratio of 14.46, a PEG ratio of 4.05 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the previous year, the company earned $2.83 earnings per share. The business’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

XOM has been the topic of several research analyst reports. Mizuho reiterated a “neutral” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 4th. Truist Financial boosted their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. UBS Group upped their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Piper Sandler upped their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.28.

About Exxon Mobil

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.