Exxon Mobil Co. (NYSE:XOM) Shares Sold by Altfest L J & Co. Inc.

Altfest L J & Co. Inc. decreased its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,823 shares of the oil and gas company’s stock after selling 1,978 shares during the period. Altfest L J & Co. Inc.’s holdings in Exxon Mobil were worth $3,041,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of XOM. Guardian Wealth Management Inc. acquired a new position in Exxon Mobil during the 4th quarter valued at about $30,000. Horan Securities Inc. acquired a new position in Exxon Mobil during the 4th quarter valued at about $31,000. West Bancorporation Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $32,000. Nvwm LLC grew its stake in shares of Exxon Mobil by 100.0% in the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 300 shares during the last quarter. Finally, Core Wealth Advisors Inc. grew its stake in shares of Exxon Mobil by 454.5% in the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 54.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. Bank of America lowered their price objective on shares of Exxon Mobil from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. Credit Suisse Group raised shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $115.00 to $125.00 in a research note on Tuesday, June 21st. Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. The Goldman Sachs Group lifted their price objective on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Finally, Cowen lifted their price objective on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $94.73.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the transaction, the vice president now directly owns 32,510 shares in the company, valued at approximately $3,142,091.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of the company’s 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 transaction, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The disclosure for this sale can be found here. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

XOM stock opened at $87.08 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $366.83 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 0.32 and a beta of 1.07. Exxon Mobil Co. has a 12 month low of $52.10 and a 12 month high of $105.57. The firm has a 50 day moving average of $91.32 and a two-hundred day moving average of $84.67.

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings data 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 firm 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 firm posted $0.65 earnings per share. Exxon Mobil’s quarterly revenue was up 53.0% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Co. will post 11.46 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Stockholders 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 4.04%. The ex-dividend date of this dividend was Thursday, May 12th. Exxon Mobil’s payout ratio is 58.37%.

Exxon Mobil Company Profile

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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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