Exxon Mobil Co. (NYSE:XOM) Shares Acquired by 1900 Wealth Management LLC

1900 Wealth Management LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 0.4% during the first quarter, Holdings Channel.com reports. The fund owned 29,452 shares of the oil and gas company’s stock after purchasing an additional 120 shares during the period. 1900 Wealth Management LLC’s holdings in Exxon Mobil were worth $3,423,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. First Pacific Financial acquired a new position in Exxon Mobil in the first quarter worth approximately $34,000. Partnership Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter worth approximately $46,000. Vima LLC acquired a new position in Exxon Mobil in the 4th quarter worth approximately $50,000. Keener Financial Planning LLC acquired a new position in Exxon Mobil in the 4th quarter worth approximately $80,000. Finally, Neo Ivy Capital Management acquired a new position in Exxon Mobil in the 4th quarter worth approximately $80,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Piper Sandler lifted their target price 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 lifted their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Barclays started coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Finally, HSBC lifted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $135.00.

Get Our Latest Stock Report on Exxon Mobil

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

XOM traded down $0.80 during trading on Tuesday, hitting $117.87. The stock had a trading volume of 14,479,152 shares, compared to its average volume of 18,490,930. The firm has a market cap of $464.76 billion, a PE ratio of 14.44, a P/E/G ratio of 4.17 and a beta of 0.96. 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. The company has a 50 day simple moving average of $117.48 and a 200-day simple moving average of $107.71.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.83 earnings per share. Analysts expect that Exxon Mobil Co. will post 9.57 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given 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 payout ratio is 46.57%.

Exxon Mobil Company 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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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