LS Investment Advisors LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 4.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 22,924 shares of the oil and gas company’s stock after selling 1,015 shares during the period. LS Investment Advisors LLC’s holdings in Exxon Mobil were worth $2,514,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of XOM. Sugarloaf Wealth Management LLC raised its holdings in shares of Exxon Mobil by 6.7% in the first quarter. Sugarloaf Wealth Management LLC now owns 6,425 shares of the oil and gas company’s stock valued at $705,000 after purchasing an additional 405 shares during the last quarter. Employees Retirement System of Texas raised its holdings in shares of Exxon Mobil by 66.0% in the first quarter. Employees Retirement System of Texas now owns 1,182,815 shares of the oil and gas company’s stock valued at $129,707,000 after purchasing an additional 470,130 shares during the last quarter. Destiny Wealth Partners LLC raised its holdings in shares of Exxon Mobil by 13.0% in the first quarter. Destiny Wealth Partners LLC now owns 9,260 shares of the oil and gas company’s stock valued at $1,015,000 after purchasing an additional 1,064 shares during the last quarter. First American Trust FSB raised its holdings in shares of Exxon Mobil by 1.2% in the first quarter. First American Trust FSB now owns 8,709 shares of the oil and gas company’s stock valued at $955,000 after purchasing an additional 105 shares during the last quarter. Finally, Concord Wealth Partners raised its holdings in shares of Exxon Mobil by 145.4% in the first quarter. Concord Wealth Partners now owns 17,418 shares of the oil and gas company’s stock valued at $1,910,000 after purchasing an additional 10,320 shares during the last quarter. 58.59% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction 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 approximately $3,398,771.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by insiders.
Exxon Mobil Stock Performance
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. The firm had revenue of $86.56 billion during the quarter, compared to the consensus estimate of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.07 EPS. Analysts anticipate that Exxon Mobil Co. will post 9.45 earnings per share for the current year.
Exxon Mobil Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.
Analysts Set New Price Targets
A number of research firms have recently issued reports on XOM. Jefferies Financial Group lowered their price objective on shares of Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. Truist Financial boosted their target price on shares of Exxon Mobil from $116.00 to $118.00 in a report on Monday, May 1st. Morgan Stanley boosted their target price on shares of Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. The Goldman Sachs Group downgraded shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a report on Monday, May 1st. Finally, Piper Sandler lowered their target price on shares of Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average 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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