Exxon Mobil Co. (NYSE:XOM) Stock Position Cut by Wade G W & Inc.

Wade G W & Inc. cut its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 529,675 shares of the oil and gas company’s stock after selling 1,334 shares during the period. Exxon Mobil accounts for 1.7% of Wade G W & Inc.’s holdings, making the stock its 9th biggest position. Wade G W & Inc.’s holdings in Exxon Mobil were worth $52,957,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Money Concepts Capital Corp grew its position in Exxon Mobil by 3.1% in the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock valued at $367,000 after buying an additional 95 shares in the last quarter. Auxier Asset Management boosted its holdings in shares of Exxon Mobil by 0.8% during the third quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock worth $1,524,000 after purchasing an additional 97 shares during the period. Boltwood Capital Management boosted its stake in shares of Exxon Mobil by 0.4% during the 4th quarter. Boltwood Capital Management now owns 25,445 shares of the oil and gas company’s stock valued at $2,544,000 after buying an additional 98 shares during the period. Blackhawk Capital Partners LLC. boosted its position in Exxon Mobil by 0.3% during the third quarter. Blackhawk Capital Partners LLC. now owns 31,674 shares of the oil and gas company’s stock valued at $3,724,000 after purchasing an additional 99 shares during the last quarter. Finally, Cedar Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 7.0% during the 3rd quarter. Cedar Wealth Management LLC now owns 1,534 shares of the oil and gas company’s stock valued at $180,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on XOM shares. Barclays initiated coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. TD Cowen increased their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. UBS Group raised their price target on Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Truist Financial raised their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.35.

Check Out Our Latest Analysis on Exxon Mobil

Exxon Mobil Stock Up 0.6 %

NYSE:XOM traded up $0.70 during trading hours on Tuesday, reaching $117.67. 14,925,470 shares of the stock were exchanged, compared to its average volume of 18,677,199. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm has a 50 day moving average of $116.18 and a 200 day moving average of $107.21. The stock has a market cap of $463.97 billion, a PE ratio of 14.34, a PEG ratio of 4.11 and a beta of 0.96.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its 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 business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the previous year, the company posted $2.83 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil Co. will post 9.57 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.23%. Exxon Mobil’s dividend payout ratio is 46.57%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred 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 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. Also, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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