Exxon Mobil Co. (NYSE:XOM) Shares Sold by Annex Advisory Services LLC

Annex Advisory Services LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,127 shares of the oil and gas company’s stock after selling 901 shares during the quarter. Annex Advisory Services LLC’s holdings in Exxon Mobil were worth $1,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new stake in Exxon Mobil during the 1st quarter worth $25,000. Dark Forest Capital Management LP acquired a new position in Exxon Mobil in the fourth quarter valued at $27,000. Corrado Advisors LLC acquired a new position in Exxon Mobil in the fourth quarter valued at $28,000. Koesten Hirschmann & Crabtree INC. acquired a new position in Exxon Mobil in the fourth quarter valued at $36,000. Finally, Financial Connections Group Inc. increased its stake in Exxon Mobil by 1,207.1% in the fourth quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 338 shares during the period. 58.59% of the stock is currently owned by institutional investors and hedge funds.

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Exxon Mobil Stock Up 1.8 %

Shares of NYSE XOM opened at $103.40 on Friday. Exxon Mobil Co. has a 12-month low of $83.89 and a 12-month high of $119.92. The company has a market capitalization of $418.05 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10. The firm’s 50-day moving average is $104.97 and its two-hundred day moving average is $109.31.

Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The company had revenue of $86.56 billion for the quarter, compared to the consensus estimate of $90.07 billion. During the same quarter in the prior year, the firm earned $2.07 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 9.45 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio is presently 24.64%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on XOM shares. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Tuesday. Wolfe Research downgraded shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Scotiabank downgraded shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $140.00 to $135.00 in a report on Thursday, April 13th. 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, Truist Financial lifted their target price on shares of Exxon Mobil from $116.00 to $118.00 in a report on Monday, May 1st. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $124.66.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the business’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 value of $290,275.00. Following the completion of the transaction, the vice president now 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 SEC, which is accessible through this link. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Company Profile

(Free Report)

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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