Exxon Mobil Co. (NYSE:XOM) Shares Sold by Advisory Alpha LLC

Advisory Alpha LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 30,251 shares of the oil and gas company’s stock after selling 578 shares during the period. Advisory Alpha LLC’s holdings in Exxon Mobil were worth $3,516,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. First Pacific Financial acquired a new stake in Exxon Mobil during the first quarter worth about $34,000. Partnership Wealth Management LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $46,000. Vima LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $50,000. Keener Financial Planning LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $80,000. Finally, Neo Ivy Capital Management acquired a new stake in Exxon Mobil during the fourth quarter worth about $80,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on XOM. Barclays cut their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday. Wells Fargo & Company increased their target price 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. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. TD Cowen increased their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, Piper Sandler increased their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $134.41.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction 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 transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Down 0.0 %

Exxon Mobil stock traded down $0.03 during trading on Friday, reaching $113.22. The stock had a trading volume of 1,357,394 shares, compared to its average volume of 17,839,074. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The business has a 50 day moving average price of $114.22 and a 200 day moving average price of $110.34. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The stock has a market cap of $446.43 billion, a PE ratio of 13.87, a P/E/G ratio of 4.14 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) 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 firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the prior year, the firm earned $2.83 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 9.02 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.36%. Exxon Mobil’s payout ratio is currently 46.57%.

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.