Oak Harvest Investment Services Has $3.05 Million Position in Exxon Mobil Co. (NYSE:XOM)

Oak Harvest Investment Services reduced its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,210 shares of the oil and gas company’s stock after selling 660 shares during the period. Oak Harvest Investment Services’ holdings in Exxon Mobil were worth $3,047,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Partnership Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $46,000. Vima LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $50,000. Keener Financial Planning LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth $80,000. Neo Ivy Capital Management acquired a new position in shares of Exxon Mobil during the 4th quarter worth $80,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Exxon Mobil during the 1st quarter worth $88,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Scotiabank boosted their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Wells Fargo & Company boosted their price target on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Piper Sandler boosted their price target on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. HSBC boosted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Finally, Morgan Stanley restated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $133.82.

View Our Latest Report on Exxon Mobil

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Trading Down 1.2 %

NYSE XOM opened at $113.33 on Friday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The stock has a 50 day simple moving average of $114.65 and a two-hundred day simple moving average of $110.06. The stock has a market cap of $446.86 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 4.15 and a beta of 0.91.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.83 EPS. On average, analysts forecast that Exxon Mobil Co. will post 9.23 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Exxon Mobil Company Profile

(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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