Firestone Capital Management Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Firestone Capital Management cut its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 17.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,321 shares of the oil and gas company’s stock after selling 4,328 shares during the quarter. Firestone Capital Management’s holdings in Exxon Mobil were worth $1,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Guardian Wealth Management Inc. purchased a new stake in Exxon Mobil during the 4th quarter valued at about $30,000. Horan Securities Inc. bought a new position in Exxon Mobil during the 4th quarter valued at approximately $31,000. West Bancorporation Inc. bought a new position in Exxon Mobil during the 4th quarter valued at approximately $32,000. Nvwm LLC raised its position in Exxon Mobil by 100.0% during 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. Finally, Core Wealth Advisors Inc. raised its position in Exxon Mobil by 454.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 500 shares during the last quarter. 54.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. The Goldman Sachs Group upped their price target on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. HSBC upped their price target on Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a research report on Wednesday, July 20th. Cowen increased their target price on Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Bank of America decreased their target price on Exxon Mobil from $128.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Finally, Royal Bank of Canada raised Exxon Mobil from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $90.00 to $100.00 in a research report on Thursday, April 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $94.73.

Insider Buying and Selling at Exxon Mobil

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

Exxon Mobil Stock Performance

XOM stock opened at $89.98 on Tuesday. Exxon Mobil Co. has a 1 year low of $52.10 and a 1 year high of $105.57. The stock’s fifty day moving average price is $91.30 and its 200-day moving average price is $84.82. The company has a market cap of $379.04 billion, a P/E ratio of 14.92, a price-to-earnings-growth 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 (NYSE:XOMGet Rating) last announced its earnings results on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The company had revenue of $90.50 billion during the quarter, compared to the consensus estimate of $83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. Exxon Mobil’s revenue for the quarter was up 53.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 11.46 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

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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