Exxon Mobil Co. (NYSE:XOM) Shares Sold by WealthTrust Axiom LLC

WealthTrust Axiom LLC lessened its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 6.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,790 shares of the oil and gas company’s stock after selling 1,002 shares during the quarter. WealthTrust Axiom LLC’s holdings in Exxon Mobil were worth $1,291,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of XOM. Wilson & Boucher Capital Management LLC grew its position in shares of Exxon Mobil by 1.8% during the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock valued at $475,000 after buying an additional 95 shares during the last quarter. Blooom Inc. grew its position in Exxon Mobil by 0.8% in the 3rd quarter. Blooom Inc. now owns 12,226 shares of the oil and gas company’s stock worth $1,082,000 after purchasing an additional 97 shares during the last quarter. OneAscent Wealth Management LLC grew its position in Exxon Mobil by 1.5% in the 3rd quarter. OneAscent Wealth Management LLC now owns 6,749 shares of the oil and gas company’s stock worth $589,000 after purchasing an additional 97 shares during the last quarter. Sather Financial Group Inc grew its position in Exxon Mobil by 2.6% in the 3rd quarter. Sather Financial Group Inc now owns 4,030 shares of the oil and gas company’s stock worth $352,000 after purchasing an additional 101 shares during the last quarter. Finally, Forefront Wealth Management Inc. grew its position in Exxon Mobil by 2.8% in the 3rd quarter. Forefront Wealth Management Inc. now owns 3,743 shares of the oil and gas company’s stock worth $327,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $105.00, for a total value of $262,500.00. Following the completion of the sale, the vice president now owns 34,272 shares in the company, valued at approximately $3,598,560. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Up 1.8 %

Shares of NYSE:XOM opened at $113.35 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.34. The company has a market cap of $466.81 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.48 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 firm has a 50 day simple moving average of $109.56 and a 200 day simple moving average of $100.82.

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, beating the consensus estimate of $3.88 by $0.57. The business had revenue of $112.07 billion during the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The firm’s quarterly revenue was up 51.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 13.92 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were given a $0.91 dividend. This is an increase 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 dividend on an annualized basis and a yield of 3.21%. Exxon Mobil’s dividend payout ratio is presently 29.71%.

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. Credit Suisse Group upped their target price on shares of Exxon Mobil to $130.00 in a research report on Tuesday, November 1st. BNP Paribas upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price objective for the company in a report on Tuesday, November 1st. Mizuho upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the company from $90.00 to $140.00 in a report on Tuesday, January 10th. Truist Financial increased their price objective on shares of Exxon Mobil from $111.00 to $114.00 in a report on Monday, October 31st. Finally, StockNews.com upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating in a report on Monday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $114.35.

Exxon Mobil Company Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

See Also

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

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