Selway Asset Management lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 84.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 600 shares of the oil and gas company’s stock after selling 3,200 shares during the quarter. Selway Asset Management’s holdings in Exxon Mobil were worth $52,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. CTC Capital Management LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter valued at about $1,807,000. WMG Financial Advisors LLC boosted its position in shares of Exxon Mobil by 0.9% during the 3rd quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock valued at $1,039,000 after acquiring an additional 108 shares during the last quarter. Polaris Wealth Advisory Group LLC boosted its position in shares of Exxon Mobil by 3,880.2% during the 3rd quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock valued at $20,288,000 after acquiring an additional 200,102 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of Exxon Mobil by 1.4% during the 2nd quarter. Brown Advisory Inc. now owns 1,803,171 shares of the oil and gas company’s stock valued at $134,296,000 after acquiring an additional 24,869 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC boosted its position in shares of Exxon Mobil by 8.5% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 7,244 shares of the oil and gas company’s stock valued at $620,000 after acquiring an additional 566 shares during the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $105.00, for a total transaction of $262,500.00. Following the completion of the sale, the vice president now owns 34,272 shares in the company, valued at $3,598,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.57. The business had revenue of $112.07 billion during the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The company’s revenue was up 51.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Co. will post 13.92 EPS for the current year.
Exxon Mobil Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Monday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s dividend payout ratio is 29.71%.
Analyst Ratings Changes
Several analysts recently issued reports on XOM shares. Jefferies Financial Group upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $133.00 in a report on Wednesday, October 19th. JPMorgan Chase & Co. boosted their price objective on shares of Exxon Mobil from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Tuesday, October 18th. Exane BNP Paribas upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price objective on the stock in a report on Tuesday, November 1st. StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Truist Financial boosted their price target on shares of Exxon Mobil from $111.00 to $114.00 in a research note on Monday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $114.35.
Exxon Mobil Company Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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