Connecticut Wealth Management LLC Sells 1,515 Shares of Exxon Mobil Co. (NYSE:XOM)

Connecticut Wealth Management LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 13.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,693 shares of the oil and gas company’s stock after selling 1,515 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Exxon Mobil were worth $1,127,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Financial Gravity Asset Management Inc. raised its holdings in shares of Exxon Mobil by 1,520.5% in the third quarter. Financial Gravity Asset Management Inc. now owns 9,269 shares of the oil and gas company’s stock valued at $1,090,000 after buying an additional 8,697 shares during the last quarter. Resources Management Corp CT ADV raised its holdings in shares of Exxon Mobil by 0.3% in the third quarter. Resources Management Corp CT ADV now owns 52,890 shares of the oil and gas company’s stock valued at $6,219,000 after buying an additional 140 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in shares of Exxon Mobil in the third quarter valued at about $139,000. Sprott Inc. raised its holdings in shares of Exxon Mobil by 7.5% in the third quarter. Sprott Inc. now owns 133,481 shares of the oil and gas company’s stock valued at $15,760,000 after buying an additional 9,328 shares during the last quarter. Finally, Savoie Capital LLC bought a new position in shares of Exxon Mobil in the third quarter valued at about $16,455,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 1.2 %

NYSE XOM opened at $113.37 on Monday. The stock has a market capitalization of $447.02 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 4.10 and a beta of 0.91. The stock’s 50 day moving average price is $114.65 and its two-hundred day moving average price is $110.17. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.83 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 9.18 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders 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 dividend yield of 3.35%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

A number of analysts recently commented on XOM shares. TD Cowen lifted their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Mizuho lifted their price objective on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Barclays started coverage on Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. HSBC lifted 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, Wells Fargo & Company boosted their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $133.82.

View Our Latest Stock Report on Exxon Mobil

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

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.

See Also

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

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