Boston Trust Walden Corp lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 9.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 676,249 shares of the oil and gas company’s stock after selling 66,585 shares during the quarter. Boston Trust Walden Corp’s holdings in Exxon Mobil were worth $74,157,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP acquired a new position in Exxon Mobil during the 4th quarter valued at about $27,000. Corrado Advisors LLC acquired a new position in Exxon Mobil during the 4th quarter valued at about $28,000. Koesten Hirschmann & Crabtree INC. acquired a new position in Exxon Mobil during the 4th quarter valued at about $36,000. Align Wealth Management LLC acquired a new position in Exxon Mobil during the 4th quarter valued at about $38,000. Finally, Financial Connections Group Inc. raised its position 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 valued at $40,000 after acquiring an additional 338 shares during the period. Institutional investors own 58.59% of the company’s stock.
Insider Activity at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Monday, May 1st. The shares were 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 $3,398,771.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is owned by company insiders.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Free Report) last issued its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.18. The company had revenue of $86.56 billion during the quarter, compared to analysts’ expectations of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period last year, the business earned $2.07 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 9.46 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.39%. Exxon Mobil’s dividend payout ratio is presently 24.64%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on XOM shares. Piper Sandler cut their price target on shares of Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Jefferies Financial Group cut their price target on shares of Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. Royal Bank of Canada downgraded shares of Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price target on the stock. in a research report on Thursday, June 1st. HSBC increased their price target on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research report on Thursday, April 20th. Finally, StockNews.com started coverage on shares of Exxon Mobil in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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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