Monte Financial Group LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,742 shares of the oil and gas company’s stock after selling 171 shares during the quarter. Monte Financial Group LLC’s holdings in Exxon Mobil were worth $739,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the company. Stone House Investment Management LLC bought a new position in Exxon Mobil during the first quarter valued at approximately $25,000. Dark Forest Capital Management LP bought a new position in Exxon Mobil during the fourth quarter valued at approximately $27,000. Corrado Advisors LLC bought a new position in Exxon Mobil in the fourth quarter worth approximately $28,000. Koesten Hirschmann & Crabtree INC. bought a new position in Exxon Mobil in the fourth quarter worth approximately $36,000. Finally, Align Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 58.59% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on XOM shares. Truist Financial increased their price target on shares of Exxon Mobil from $116.00 to $118.00 in a research report on Monday, May 1st. 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. UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price target for the stock from $125.00 to $144.00 in a research report on Tuesday, April 18th. Jefferies Financial Group decreased their price target on shares of Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. Finally, StockNews.com started coverage on shares of Exxon Mobil in a research note on Thursday, May 18th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $124.70.
Exxon Mobil Stock Performance
Exxon Mobil (NYSE:XOM – Get 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 analysts’ consensus estimates of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The business had revenue of $86.56 billion during the quarter, compared to analysts’ expectations of $90.07 billion. During the same period last year, the company posted $2.07 EPS. The business’s revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 9.59 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were paid a $0.91 dividend. The ex-dividend date was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.61%. Exxon Mobil’s payout ratio is currently 24.64%.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil 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 approximately $3,398,771.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.06% of the company’s stock.
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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