Fulton Breakefield Broenniman LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 8.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,524 shares of the oil and gas company’s stock after selling 2,162 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Exxon Mobil were worth $2,470,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Murphy Middleton Hinkle & Parker Inc. grew its stake in Exxon Mobil by 0.8% in the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company’s stock valued at $1,237,000 after acquiring an additional 87 shares during the last quarter. Bank of The West grew its stake in Exxon Mobil by 0.8% in 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 acquiring an additional 89 shares during the last quarter. Motive Wealth Advisors grew its stake in Exxon Mobil by 2.1% in the 4th quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after acquiring an additional 90 shares during the last quarter. Smart Money Group LLC grew its stake in Exxon Mobil by 3.8% in 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 acquiring an additional 91 shares during the last quarter. Finally, Acorn Wealth Advisors LLC grew its stake in Exxon Mobil by 3.8% in the 4th quarter. Acorn Wealth Advisors LLC now owns 2,483 shares of the oil and gas company’s stock valued at $274,000 after acquiring an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 58.59% of the company’s stock.
Exxon Mobil Stock Down 1.8 %
XOM opened at $104.54 on Friday. The firm has a 50 day moving average price of $105.61 and a 200 day moving average price of $109.58. The company has a market cap of $422.65 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08. Exxon Mobil Co. has a 1 year low of $80.69 and a 1 year high of $119.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46.
Exxon Mobil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.48%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is 24.64%.
Insider Buying and Selling at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred 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 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 can be accessed through this hyperlink. 0.06% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on XOM shares. Morgan Stanley increased their price objective on shares of Exxon Mobil from $118.00 to $122.00 in a research note on Tuesday, May 2nd. Truist Financial upped their target price on shares of Exxon Mobil from $116.00 to $118.00 in a report on Monday, May 1st. Royal Bank of Canada lowered shares of Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 target price on the stock. in a report on Thursday, June 1st. HSBC upped their target price on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a report on Thursday, April 20th. Finally, UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the company from $125.00 to $144.00 in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” 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
- Five stocks we like better than Exxon Mobil
- Delta Takes Flight: Double-Digit Upside In Sight
- Generac Powers Up as Summer Temperatures Rise
- 3 Reasons Why Rivian Can Continue To Surge Higher
- Despite Breaking Higher, Analysts Remain Cautious HP Inc.
- PepsiCo Can Soar To New Highs In The 2nd Half
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 – Free Report).
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.
