Dubuque Bank & Trust Co. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,064 shares of the oil and gas company’s stock after selling 400 shares during the period. Dubuque Bank & Trust Co.’s holdings in Exxon Mobil were worth $3,297,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of XOM. Dark Forest Capital Management LP purchased a new position in shares of Exxon Mobil in the 4th quarter worth $27,000. Corrado Advisors LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth $28,000. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Exxon Mobil in the 4th quarter worth $36,000. Align Wealth Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth $38,000. Finally, Financial Connections Group Inc. boosted its stake in shares of Exxon Mobil by 1,207.1% in the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock worth $40,000 after buying an additional 338 shares during the last quarter. Institutional investors own 58.59% of the company’s stock.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the transaction, the vice president now directly owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.04% of the stock is currently owned by insiders.
Exxon Mobil Stock Up 1.8 %
Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.18. The firm had revenue of $86.56 billion during the quarter, compared to the consensus estimate of $90.07 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.07 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 9.59 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were issued a $0.91 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.49%. Exxon Mobil’s payout ratio is presently 24.64%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on XOM shares. Piper Sandler reduced their target price on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Jefferies Financial Group reduced their price objective on Exxon Mobil from $148.00 to $140.00 in a research note on Monday, May 15th. Wells Fargo & Company boosted their price objective on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. Morgan Stanley boosted their price objective on Exxon Mobil from $118.00 to $122.00 in a research note on Tuesday, May 2nd. Finally, Truist Financial boosted their price objective on Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $124.70.
About Exxon Mobil
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.
Read More
- Get a free research report on Exxon Mobil from StockNews.com
- Is Diablo IV Causing a Resurgence in Activision Blizzard Stock?
- Sleep-At-Night Stock Sherwin-Williams Is Ready To Rebound
- MongoDB: An AI Play That’s About To Boil Over
- Will China’s $72 Billion EV Tax Breaks Help NIO Stock Recover?
- Five stocks we like better than Exxon Mobil
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM – Get Rating).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.
