Eagle Global Advisors LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,413 shares of the oil and gas company’s stock after selling 411 shares during the quarter. Eagle Global Advisors LLC’s holdings in Exxon Mobil were worth $10,524,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Wealthquest Corp increased its position in shares of Exxon Mobil by 1.4% during the 3rd quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock valued at $578,000 after purchasing an additional 89 shares during the period. Bank of The West increased its position in shares of Exxon Mobil by 0.8% during the 4th quarter. Bank of The West now owns 10,726 shares of the oil and gas company’s stock valued at $1,183,000 after purchasing an additional 89 shares during the period. Motive Wealth Advisors increased its position in shares of Exxon Mobil by 2.1% during the 4th quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after purchasing an additional 90 shares during the period. Smart Money Group LLC increased its position in shares of Exxon Mobil by 3.8% during the 4th quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 91 shares during the period. Finally, Tarbox Family Office Inc. increased its position in shares of Exxon Mobil by 1.2% during the 4th quarter. Tarbox Family Office Inc. now owns 7,968 shares of the oil and gas company’s stock valued at $879,000 after purchasing an additional 93 shares during the period. 57.49% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
XOM has been the subject of several research reports. Mizuho raised their price objective on Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. Piper Sandler decreased their target price on Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating for the company in a research report on Thursday, April 20th. Cowen raised their target price on Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research report on Thursday, February 2nd. Argus lifted their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Finally, UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $125.00 to $144.00 in a research report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.25.
Exxon Mobil Trading Up 2.5 %
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.18. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The firm had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. During the same period in the previous year, the company posted $2.07 earnings per share. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 10.01 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Monday, May 15th. Exxon Mobil’s payout ratio is 24.64%.
Insider Buying and Selling at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the sale, the vice president now directly owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.06% of the company’s stock.
Exxon Mobil Company Profile
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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