Exxon Mobil Co. (NYSE:XOM) Holdings Cut by NuWave Investment Management LLC

NuWave Investment Management LLC decreased its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 13.6% in the first quarter, Holdings Channel reports. The institutional investor owned 5,514 shares of the oil and gas company’s stock after selling 868 shares during the quarter. NuWave Investment Management LLC’s holdings in Exxon Mobil were worth $455,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in XOM. Roble Belko & Company Inc raised its holdings in shares of Exxon Mobil by 2.4% during the 4th quarter. Roble Belko & Company Inc now owns 5,508 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 129 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its stake in Exxon Mobil by 0.8% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 17,330 shares of the oil and gas company’s stock valued at $1,060,000 after buying an additional 130 shares during the last quarter. Puzo Michael J grew its position in Exxon Mobil by 0.3% in the 4th quarter. Puzo Michael J now owns 41,910 shares of the oil and gas company’s stock worth $2,564,000 after purchasing an additional 135 shares during the last quarter. Destiny Wealth Partners LLC grew its position in Exxon Mobil by 1.2% in the 4th quarter. Destiny Wealth Partners LLC now owns 12,050 shares of the oil and gas company’s stock worth $737,000 after purchasing an additional 137 shares during the last quarter. Finally, SMH Capital Advisors Inc. grew its position in Exxon Mobil by 3.5% in the 4th quarter. SMH Capital Advisors Inc. now owns 4,155 shares of the oil and gas company’s stock worth $254,000 after purchasing an additional 139 shares during the last quarter. Institutional investors own 54.07% of the company’s stock.

In other news, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total transaction of $241,625.00. Following the sale, the vice president now owns 32,510 shares of the company’s stock, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

Shares of NYSE XOM opened at $87.86 on Thursday. Exxon Mobil Co. has a 1-year low of $52.10 and a 1-year high of $105.57. The company has a market cap of $370.11 billion, a PE ratio of 14.57, a P/E/G ratio of 0.35 and a beta of 1.05. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $91.53 and a two-hundred day moving average of $80.64.

Exxon Mobil (NYSE:XOMGet Rating) last announced its earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company had revenue of $90.50 billion during the quarter, compared to the consensus estimate of $83.57 billion. During the same period in the prior year, the firm posted $0.65 earnings per share. The company’s revenue was up 53.0% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Co. will post 10.26 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Thursday, May 12th. Exxon Mobil’s dividend payout ratio is presently 58.37%.

Several analysts have issued reports on the stock. Truist Financial raised their price target on shares of Exxon Mobil from $75.00 to $84.00 in a research report on Thursday, April 21st. BMO Capital Markets raised their price target on shares of Exxon Mobil from $73.00 to $86.00 and gave the stock a “hold” rating in a research report on Thursday, March 3rd. Cowen raised their price target on shares of Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. The Goldman Sachs Group raised their price objective on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Finally, Barclays raised their price objective on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $89.24.

Exxon Mobil Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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