Exxon Mobil Co. (NYSE:XOM) Shares Sold by Strait & Sound Wealth Management LLC

Strait & Sound Wealth Management LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,454 shares of the oil and gas company’s stock after selling 183 shares during the quarter. Strait & Sound Wealth Management LLC’s holdings in Exxon Mobil were worth $299,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at $25,000. First Pacific Financial purchased a new stake in Exxon Mobil during the first quarter worth about $34,000. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $46,000. Vima LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $50,000. Finally, Keener Financial Planning LLC acquired a new position in shares of 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 Stock Performance

XOM traded down $0.79 on Monday, reaching $115.28. The company had a trading volume of 12,061,479 shares, compared to its average volume of 17,729,674. The stock has a 50-day moving average price of $114.13 and a 200-day moving average price of $111.09. The stock has a market capitalization of $454.55 billion, a PE ratio of 14.18, a P/E/G ratio of 4.47 and a beta of 0.91. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.83 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.30%. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on XOM shares. Barclays reduced their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. UBS Group lifted their target price on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Truist Financial cut their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Monday. Piper Sandler lifted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, TD Cowen upped their target price 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. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $134.78.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction 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 filing with the SEC, which is accessible through this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Company 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.