John G Ullman & Associates Inc. Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

John G Ullman & Associates Inc. lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 0.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,547 shares of the oil and gas company’s stock after selling 500 shares during the period. Exxon Mobil accounts for approximately 1.9% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 16th largest holding. John G Ullman & Associates Inc.’s holdings in Exxon Mobil were worth $12,618,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. First Pacific Financial purchased a new stake in shares of Exxon Mobil during the first quarter worth about $34,000. Partnership Wealth Management LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $46,000. Vima LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $50,000. Keener Financial Planning LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $80,000. Finally, Neo Ivy Capital Management purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM traded down $0.03 during trading hours on Friday, hitting $113.22. 1,357,394 shares of the stock were exchanged, compared to its average volume of 17,839,074. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a market cap of $446.43 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 4.14 and a beta of 0.91. The stock’s 50-day moving average price is $114.22 and its two-hundred day moving average price is $110.34.

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

Exxon Mobil Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. TD Cowen upped their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Barclays dropped their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday. Mizuho boosted 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 issued a $124.00 price target (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Finally, Scotiabank boosted their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’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 sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.03% of the stock is owned by company insiders.

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.