Exxon Mobil Co. (NYSE:XOM) Shares Sold by ACT Wealth Management LLC

ACT Wealth Management LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 3.9% during the first quarter, HoldingsChannel.com reports. The fund owned 19,320 shares of the oil and gas company’s stock after selling 780 shares during the period. Exxon Mobil accounts for about 0.9% of ACT Wealth Management LLC’s holdings, making the stock its 11th largest holding. ACT Wealth Management LLC’s holdings in Exxon Mobil were worth $1,596,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Guardian Wealth Management Inc. acquired a new position in Exxon Mobil in the 4th quarter valued at about $30,000. Horan Securities Inc. acquired a new position in Exxon Mobil in the 4th quarter valued at about $31,000. West Bancorporation Inc. acquired a new position in Exxon Mobil in the 4th quarter valued at about $32,000. Castle Financial & Retirement Planning Associates Inc. acquired a new position in Exxon Mobil in the 4th quarter valued at about $42,000. Finally, Nvwm LLC boosted its holdings in Exxon Mobil by 100.0% in the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Several equities analysts have recently commented on XOM shares. Citigroup upped their price objective on shares of Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, May 19th. Credit Suisse Group upgraded shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $115.00 to $125.00 in a report on Tuesday. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $93.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, March 11th. Truist Financial upped their price objective on shares of Exxon Mobil from $75.00 to $84.00 in a report on Thursday, April 21st. Finally, JPMorgan Chase & Co. set a $100.00 price objective on shares of Exxon Mobil in a report on Tuesday, March 29th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $89.24.

Shares of NYSE:XOM opened at $87.86 on Thursday. Exxon Mobil Co. has a 52 week low of $52.10 and a 52 week high of $105.57. The company’s 50 day moving average is $91.53 and its two-hundred day moving average is $80.64. 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 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.

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

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

In related news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction 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 document filed with the SEC, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction 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. Corporate insiders own 0.04% of the company’s stock.

About Exxon Mobil (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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