Corundum Group Inc. Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Corundum Group Inc. cut its position in Exxon Mobil Co. (NYSE:XOM) by 1.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 16,834 shares of the oil and gas company’s stock after selling 168 shares during the period. Exxon Mobil makes up about 0.9% of Corundum Group Inc.’s investment portfolio, making the stock its 24th largest holding. Corundum Group Inc.’s holdings in Exxon Mobil were worth $1,957,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Partnership Wealth Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $46,000. Vima LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $50,000. Keener Financial Planning LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $80,000. Neo Ivy Capital Management purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $80,000. Finally, Orion Capital Management LLC purchased a new stake in Exxon Mobil during the third quarter valued at approximately $91,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. Scotiabank upped their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. UBS Group upped their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday. Mizuho raised their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Truist Financial reissued a “hold” rating and set a $124.00 price target (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Finally, Morgan Stanley reissued an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Nine 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $133.82.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Up 0.3 %

NYSE XOM traded up $0.33 during midday trading on Thursday, hitting $114.74. 647,996 shares of the company traded hands, compared to its average volume of 18,184,369. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company’s 50-day simple moving average is $115.50 and its 200-day simple moving average is $109.39. The company has a market cap of $452.42 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 4.11 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter in the prior year, the business posted $2.83 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Co. will post 9.28 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders 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 annualized dividend and a dividend yield of 3.31%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Exxon Mobil Profile

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.