WNY Asset Management LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 22,138 shares of the oil and gas company’s stock after selling 1,672 shares during the period. WNY Asset Management LLC’s holdings in Exxon Mobil were worth $2,442,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Axiom Financial Strategies LLC lifted its position in Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after buying an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc purchased a new position in Exxon Mobil in the first quarter valued at $275,000. Loomis Sayles & Co. L P boosted its stake in shares of Exxon Mobil by 318.8% in the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after buying an additional 13,065 shares during the period. Ergoteles LLC grew its holdings in Exxon Mobil by 95.6% during the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in Exxon Mobil in the first quarter valued at $237,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Bank of America lifted their target price on Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Truist Financial lifted their price target on Exxon Mobil from $101.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, February 1st. Cowen increased their target price on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Finally, Mizuho boosted their price objective on shares of Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.64.
Insider Buying and Selling at Exxon Mobil
Exxon Mobil Stock Down 1.7 %
XOM opened at $115.05 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. The company has a market capitalization of $468.37 billion, a PE ratio of 8.68, a P/E/G ratio of 0.54 and a beta of 1.08. The stock’s fifty day moving average is $110.73 and its 200-day moving average is $108.13. Exxon Mobil Co. has a one year low of $79.29 and a one year high of $119.63.
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. During the same period in the previous year, the business earned $2.05 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 9.98 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s payout ratio is 27.45%.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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