Paulson Wealth Management Inc. Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

Paulson Wealth Management Inc. lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 10.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 8,102 shares of the oil and gas company’s stock after selling 944 shares during the quarter. Paulson Wealth Management Inc.’s holdings in Exxon Mobil were worth $942,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XOM. First Pacific Financial bought a new position in Exxon Mobil in the 1st quarter worth $34,000. Partnership Wealth Management LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth about $46,000. Vima LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth about $50,000. Keener Financial Planning LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth about $80,000. Finally, Neo Ivy Capital Management bought a new position in shares of Exxon Mobil in the 4th quarter worth about $80,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’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 transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. TD Cowen increased their price target 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday. Truist Financial reissued a “hold” rating and set a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Morgan Stanley reissued an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Finally, Mizuho increased their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $1.01 during trading on Thursday, reaching $112.93. 6,524,897 shares of the company traded hands, compared to its average volume of 17,914,240. The firm has a 50 day simple moving average of $114.28 and a 200-day simple moving average of $110.32. 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 capitalization of $445.28 billion, a PE ratio of 13.87, a P/E/G ratio of 4.07 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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). The business had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.83 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 9.18 earnings per share for the current year.

Exxon Mobil Announces Dividend

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