D.B. Root & Company LLC trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,625 shares of the oil and gas company’s stock after selling 1,003 shares during the quarter. Exxon Mobil makes up 0.9% of D.B. Root & Company LLC’s investment portfolio, making the stock its 19th largest position. D.B. Root & Company LLC’s holdings in Exxon Mobil were worth $2,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of XOM. Moneta Group Investment Advisors LLC grew its position in shares of Exxon Mobil by 140,855.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after buying an additional 123,254,064 shares during the last quarter. Morgan Stanley grew its position in shares of Exxon Mobil by 11.9% in the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock worth $5,788,398,000 after buying an additional 5,566,797 shares during the last quarter. Norges Bank bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $5,226,390,000. Price T Rowe Associates Inc. MD grew its position in shares of Exxon Mobil by 3.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,011,875 shares of the oil and gas company’s stock worth $4,523,610,000 after buying an additional 1,344,934 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Exxon Mobil by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after buying an additional 560,517 shares during the last quarter. 58.59% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction 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 sale, the vice president now owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.
Exxon Mobil Stock Up 0.5 %
Exxon Mobil (NYSE:XOM – Free Report) last issued its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, topping 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 company had revenue of $86.56 billion during the quarter, compared to analyst estimates of $90.07 billion. During the same quarter in the previous year, the company posted $2.07 earnings per share. Exxon Mobil’s revenue was down 4.3% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Co. will post 9.46 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s payout ratio is currently 24.64%.
Analyst Ratings Changes
XOM has been the subject of a number of research analyst reports. Truist Financial raised their target price on Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. Scotiabank cut Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $140.00 to $135.00 in a research note on Thursday, April 13th. Piper Sandler lowered their target price on Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. HSBC raised their target price on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research note on Thursday, April 20th. Finally, Mizuho lowered their target price on Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.70.
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.
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