Exxon Mobil Co. (NYSE:XOM) Stake Cut by Westhampton Capital LLC

Westhampton Capital LLC cut its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 8.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,640 shares of the oil and gas company’s stock after selling 2,123 shares during the quarter. Exxon Mobil accounts for about 1.3% of Westhampton Capital LLC’s investment portfolio, making the stock its 18th largest holding. Westhampton Capital LLC’s holdings in Exxon Mobil were worth $2,264,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. KB Financial Partners LLC bought a new stake in Exxon Mobil in the first quarter valued at $27,000. IMA Wealth Inc. increased its holdings in shares of Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 324 shares during the period. FWL Investment Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $43,000. Turim 21 Investimentos Ltda. increased its holdings in shares of Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new position in shares of Exxon Mobil during the third quarter valued at $49,000. 61.80% of the stock is currently owned by institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is currently owned by company insiders.

Exxon Mobil Price Performance

XOM opened at $116.24 on Monday. The stock has a fifty day moving average of $106.11 and a 200-day moving average of $105.96. The firm has a market capitalization of $461.22 billion, a P/E ratio of 13.08, a PEG ratio of 4.26 and a beta of 0.96. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $120.70. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. The company had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.40 earnings per share. Equities analysts forecast that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on XOM. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. TD Cowen raised Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Tuesday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. UBS Group lowered their target price on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Finally, Piper Sandler lowered their target price on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $128.18.

Read Our Latest Stock Analysis on XOM

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

Further Reading

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

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