Exxon Mobil Co. (NYSE:XOM) Shares Sold by Motco

Motco cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 10.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,617 shares of the oil and gas company’s stock after selling 9,512 shares during the quarter. Motco’s holdings in Exxon Mobil were worth $6,493,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of XOM. Guardian Wealth Management Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $30,000. Horan Securities Inc. purchased a new stake in Exxon Mobil in the 4th quarter valued at $31,000. West Bancorporation Inc. acquired a new stake in shares of Exxon Mobil in the 4th quarter worth $32,000. Nvwm LLC raised its holdings in shares of Exxon Mobil by 100.0% during the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 300 shares during the period. Finally, Core Wealth Advisors Inc. boosted its position in shares of Exxon Mobil by 454.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Exxon Mobil Trading Up 1.4 %

NYSE XOM opened at $88.45 on Friday. The stock has a market capitalization of $372.60 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.31 and a beta of 1.09. The firm has a 50 day moving average of $90.93 and a two-hundred day moving average of $85.91. Exxon Mobil Co. has a 52 week low of $52.10 and a 52 week high of $105.57. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.74 by $0.40. The firm had revenue of $115.68 billion for the quarter, compared to analyst estimates of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. Exxon Mobil’s revenue for the quarter was up 70.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 earnings per share. As a group, research analysts expect that Exxon Mobil Co. will post 12.35 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 annualized dividend and a yield of 3.98%. Exxon Mobil’s dividend payout ratio is currently 38.51%.

Analysts Set New Price Targets

A number of brokerages have commented on XOM. Piper Sandler raised shares of Exxon Mobil from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $102.00 to $109.00 in a research note on Tuesday, July 19th. Cowen upped their price objective on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. Citigroup upped their price target on Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, May 19th. Finally, Morgan Stanley lowered their price target on Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $96.40.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the transaction, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the transaction, the vice president now owns 32,510 shares in the company, valued at $3,142,091.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the sale, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,147 shares of company stock valued at $698,858. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.