Exxon Mobil Co. (NYSE:XOM) Shares Sold by Carson Advisory Inc.

Carson Advisory Inc. cut its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 7.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,407 shares of the oil and gas company’s stock after selling 533 shares during the quarter. Carson Advisory Inc.’s holdings in Exxon Mobil were worth $529,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. LCM Capital Management Inc raised its stake in shares of Exxon Mobil by 1.3% in the 1st quarter. LCM Capital Management Inc now owns 10,003 shares of the oil and gas company’s stock valued at $826,000 after acquiring an additional 124 shares during the period. Investors Research Corp raised its stake in shares of Exxon Mobil by 1.6% in the 1st quarter. Investors Research Corp now owns 7,835 shares of the oil and gas company’s stock valued at $647,000 after acquiring an additional 125 shares during the period. Moulton Wealth Management Inc. grew its holdings in Exxon Mobil by 1.0% during the 1st quarter. Moulton Wealth Management Inc. now owns 12,197 shares of the oil and gas company’s stock valued at $1,014,000 after purchasing an additional 126 shares in the last quarter. Roble Belko & Company Inc grew its holdings in 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. Finally, Schwarz Dygos Wheeler Investment Advisors LLC grew its holdings in Exxon Mobil by 0.8% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 17,330 shares of the oil and gas company’s stock worth $1,060,000 after acquiring an additional 130 shares in the last quarter. 54.07% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM opened at $89.98 on Tuesday. The firm’s 50 day moving average is $91.30 and its 200-day moving average is $84.82. The stock has a market capitalization of $379.04 billion, a P/E ratio of 14.92, a P/E/G ratio of 0.32 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76. Exxon Mobil Co. has a 12-month low of $52.10 and a 12-month high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last released its earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.18). The firm had revenue of $90.50 billion during the quarter, compared to analysts’ expectations of $83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The business’s revenue was up 53.0% on a year-over-year basis. During the same period last year, the business earned $0.65 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 11.46 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, May 12th. Exxon Mobil’s payout ratio is presently 58.37%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on XOM. StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. JPMorgan Chase & Co. set a $100.00 price target on shares of Exxon Mobil in a research report on Tuesday, March 29th. Royal Bank of Canada upgraded shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $90.00 to $100.00 in a research report on Thursday, April 21st. Truist Financial reduced their price target on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research report on Tuesday, July 19th. Finally, Cowen lifted their price objective on shares of Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $94.73.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,147 shares of the business’s 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 transaction, the vice president now directly owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Darrin L. Talley sold 2,147 shares of the business’s 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 transaction, the vice president now directly owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred 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 sale, the vice president now owns 32,510 shares of the company’s stock, valued at $3,142,091.50. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by insiders.

Exxon Mobil 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.

See Also

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

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