Janney Capital Management LLC Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Janney Capital Management LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,110 shares of the oil and gas company’s stock after selling 1,525 shares during the quarter. Janney Capital Management LLC’s holdings in Exxon Mobil were worth $5,709,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. First Pacific Financial acquired a new stake in Exxon Mobil in the first quarter valued at about $34,000. Partnership Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $46,000. Vima LLC purchased a new position in Exxon Mobil in the fourth quarter worth $50,000. Redmont Wealth Advisors LLC acquired a new stake in Exxon Mobil in the first quarter valued at $88,000. Finally, Christopher J. Hasenberg Inc purchased a new stake in shares of Exxon Mobil during the 1st quarter worth $91,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on XOM shares. Scotiabank increased their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. UBS Group lifted their price target on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Wells Fargo & Company raised their price objective on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $133.82.

View Our Latest Stock Analysis on XOM

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $113.37 on Monday. The business’s 50-day simple moving average is $114.65 and its 200 day simple moving average is $110.17. The company has a market cap of $447.02 billion, a P/E ratio of 13.89, a PEG ratio of 4.10 and a beta of 0.91. 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 one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.83 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 9.18 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil 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.

Read More

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

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