DMG Group LLC Sells 3,115 Shares of Exxon Mobil Co. (NYSE:XOM)

DMG Group LLC lowered its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 21.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,668 shares of the oil and gas company’s stock after selling 3,115 shares during the quarter. Exxon Mobil comprises approximately 1.3% of DMG Group LLC’s investment portfolio, making the stock its 17th biggest holding. DMG Group LLC’s holdings in Exxon Mobil were worth $1,073,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. KMG Fiduciary Partners LLC raised its holdings in shares of Exxon Mobil by 18.5% in the third quarter. KMG Fiduciary Partners LLC now owns 13,954 shares of the oil and gas company’s stock valued at $1,218,000 after purchasing an additional 2,176 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Exxon Mobil by 9.5% in the third quarter. Thoroughbred Financial Services LLC now owns 48,130 shares of the oil and gas company’s stock valued at $4,202,000 after purchasing an additional 4,189 shares during the last quarter. Northwest Wealth Management LLC raised its holdings in shares of Exxon Mobil by 3.8% in the third quarter. Northwest Wealth Management LLC now owns 11,154 shares of the oil and gas company’s stock valued at $974,000 after purchasing an additional 412 shares during the last quarter. Cornerstone Capital Inc. raised its holdings in shares of Exxon Mobil by 3.9% in the third quarter. Cornerstone Capital Inc. now owns 3,824 shares of the oil and gas company’s stock valued at $334,000 after purchasing an additional 142 shares during the last quarter. Finally, 4J Wealth Management LLC raised its holdings in shares of Exxon Mobil by 2.0% in the third quarter. 4J Wealth Management LLC now owns 9,276 shares of the oil and gas company’s stock valued at $810,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 57.49% of the company’s stock.

Exxon Mobil Trading Up 1.7 %

Shares of Exxon Mobil stock opened at $113.22 on Friday. The firm has a 50-day moving average of $109.54 and a 200-day moving average of $99.58. The stock has a market cap of $466.27 billion, a PE ratio of 9.24, a PEG ratio of 0.41 and a beta of 1.11. Exxon Mobil Co. has a 52-week low of $69.81 and a 52-week high of $114.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.34.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings data on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.57. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The business had revenue of $112.07 billion during the quarter, compared to analysts’ expectations of $102.96 billion. During the same quarter in the prior year, the business posted $1.58 earnings per share. Exxon Mobil’s revenue was up 51.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 13.89 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were given a dividend of $0.91 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Monday, November 14th. This represents a $3.64 annualized dividend and a yield of 3.21%. Exxon Mobil’s dividend payout ratio is currently 29.71%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on XOM. Piper Sandler lowered their price objective on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. StockNews.com initiated coverage on shares of Exxon Mobil in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Mizuho upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $140.00 in a report on Tuesday. Morgan Stanley boosted their target price on shares of Exxon Mobil from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Wednesday, October 19th. Finally, BNP Paribas upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 target price on the stock in a report on Tuesday, November 1st. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.41.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $105.00, for a total transaction of $262,500.00. Following the completion of the sale, the vice president now owns 34,272 shares of the company’s stock, valued at $3,598,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

About Exxon Mobil

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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.

Further Reading

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

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