CFO4Life Group LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,223 shares of the oil and gas company’s stock after selling 957 shares during the quarter. CFO4Life Group LLC’s holdings in Exxon Mobil were worth $2,656,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of XOM. Cookson Peirce & Co. Inc. grew its position in Exxon Mobil by 16.6% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock valued at $1,140,000 after acquiring an additional 1,469 shares during the period. St. Louis Trust Co grew its position in Exxon Mobil by 11.0% in the fourth quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company’s stock valued at $3,919,000 after acquiring an additional 3,507 shares during the period. Triasima Portfolio Management inc. grew its position in Exxon Mobil by 3.5% in the first quarter. Triasima Portfolio Management inc. now owns 4,563 shares of the oil and gas company’s stock valued at $500,000 after acquiring an additional 153 shares during the period. Kestra Private Wealth Services LLC grew its position in Exxon Mobil by 5.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock valued at $12,963,000 after acquiring an additional 5,770 shares during the period. Finally, TIAA FSB grew its position in Exxon Mobil by 8.2% in the first quarter. TIAA FSB now owns 509,184 shares of the oil and gas company’s stock valued at $55,837,000 after acquiring an additional 38,760 shares during the period. 58.59% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Jefferies Financial Group decreased their target price on Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. Truist Financial decreased their target price on Exxon Mobil from $118.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, July 24th. StockNews.com started coverage on Exxon Mobil in a report on Thursday, May 18th. They set a “hold” rating on the stock. Piper Sandler decreased their price target on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Finally, Wolfe Research cut 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $124.30.
Exxon Mobil Stock Performance
Exxon Mobil (NYSE:XOM – Get Free Report) last issued its earnings results on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.06). The business had revenue of $82.91 billion for the quarter, compared to the consensus estimate of $81.80 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The business’s revenue was down 28.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.14 earnings per share. As a group, equities research analysts predict that Exxon Mobil Co. will post 8.87 EPS for the current year.
Exxon Mobil Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $3.64 annualized dividend and a yield of 3.49%. Exxon Mobil’s payout ratio is currently 29.12%.
Insider Buying and Selling
In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, May 1st. The stock was 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 directly owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.06% of the stock is currently owned by insiders.
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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