Geneos Wealth Management Inc. lessened its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 20.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,859 shares of the oil and gas company’s stock after selling 16,422 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Exxon Mobil were worth $7,003,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of the business. Cookson Peirce & Co. Inc. lifted its holdings in shares of Exxon Mobil by 16.6% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock worth $1,140,000 after buying an additional 1,469 shares during the period. St. Louis Trust Co lifted its holdings in shares of Exxon Mobil by 11.0% in the 4th quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company’s stock worth $3,919,000 after buying an additional 3,507 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of Exxon Mobil by 5.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock worth $12,963,000 after buying an additional 5,770 shares during the period. TIAA FSB lifted its holdings in shares of Exxon Mobil by 8.2% in the 1st quarter. TIAA FSB now owns 509,184 shares of the oil and gas company’s stock worth $55,837,000 after buying an additional 38,760 shares during the period. Finally, Northstar Asset Management LLC lifted its holdings in shares of Exxon Mobil by 3.0% in the 4th quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock worth $3,558,000 after buying an additional 925 shares during the period. Institutional investors own 58.59% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on XOM. Piper Sandler lowered their target price on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Royal Bank of Canada cut Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 target price for the company. in a report on Thursday, June 1st. UBS Group upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $125.00 to $144.00 in a research note on Tuesday, April 18th. Mizuho decreased their price objective on Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. Finally, Wolfe Research cut Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $124.70.
Insider Activity
Exxon Mobil Stock Down 1.8 %
Shares of XOM stock opened at $104.54 on Friday. The stock’s 50-day simple moving average is $105.61 and its 200-day simple moving average is $109.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46. The firm has a market capitalization of $422.65 billion, a PE ratio of 7.08, a P/E/G ratio of 0.56 and a beta of 1.08. Exxon Mobil Co. has a fifty-two week low of $80.69 and a fifty-two week high of $119.92.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. The business had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The company’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.07 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 9.59 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s dividend payout ratio is presently 24.64%.
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.
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