Insight Advisors LLC PA lessened its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,197 shares of the oil and gas company’s stock after selling 209 shares during the quarter. Insight Advisors LLC PA’s holdings in Exxon Mobil were worth $680,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new stake in Exxon Mobil during the first quarter worth $25,000. Dark Forest Capital Management LP bought a new position in shares of Exxon Mobil in the fourth quarter valued at about $27,000. Corrado Advisors LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at about $28,000. Artemis Wealth Advisors LLC bought a new position in shares of Exxon Mobil in the first quarter valued at about $36,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in shares of Exxon Mobil in the fourth quarter valued at about $36,000. 58.59% of the stock is owned by institutional investors.
Analyst Ratings Changes
XOM has been the topic of several research analyst reports. UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the company from $125.00 to $144.00 in a research report on Tuesday, April 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research report on Wednesday, July 19th. The Goldman Sachs Group downgraded shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Monday, May 1st. Wolfe Research downgraded shares of 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. Finally, Jefferies Financial Group decreased their price target on shares of Exxon Mobil from $148.00 to $140.00 in a research note on Monday, May 15th. One 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. According to data from MarketBeat, Exxon Mobil has an average rating of “Hold” and an average price target of $124.30.
Insider Activity at Exxon Mobil
Exxon Mobil Trading Down 1.2 %
XOM opened at $104.16 on Friday. The company’s 50 day moving average is $104.96 and its 200-day moving average is $109.15. Exxon Mobil Co. has a 1-year low of $83.89 and a 1-year high of $119.92. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. The company has a market cap of $421.12 billion, a P/E ratio of 8.33, a PEG ratio of 0.60 and a beta of 1.08.
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The company had revenue of $82.91 billion during the quarter, compared to analyst estimates of $81.80 billion. During the same quarter in the previous year, the business posted $4.14 earnings per share. The company’s revenue for the quarter was down 28.3% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post 8.87 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.49%. Exxon Mobil’s dividend payout ratio (DPR) is presently 29.12%.
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.
Read More
- Five stocks we like better than Exxon Mobil
- How to Invest in EV Charging Stations
- MarketBeat Week in Review – 7/24 – 7/28
- Trading Stocks: RSI and Why it’s Useful
- Can SAIA Continue its Stratospheric Rally?
- Basic Materials Stocks Investing
- Why Markets Are Loving Exxon Mobil, Despite The Earnings Dip
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.
