Exxon Mobil Co. (NYSE:XOM) Shares Sold by VitalStone Financial LLC

VitalStone Financial LLC trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 12.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,249 shares of the oil and gas company’s stock after selling 176 shares during the quarter. VitalStone Financial LLC’s holdings in Exxon Mobil were worth $145,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of XOM. Manchester Capital Management LLC grew its stake in shares of Exxon Mobil by 6.8% in the first quarter. Manchester Capital Management LLC now owns 4,714 shares of the oil and gas company’s stock worth $548,000 after purchasing an additional 301 shares in the last quarter. TFG Advisers LLC grew its position in Exxon Mobil by 1.0% in the 1st quarter. TFG Advisers LLC now owns 17,826 shares of the oil and gas company’s stock valued at $2,072,000 after buying an additional 177 shares in the last quarter. Bard Financial Services Inc. increased its stake in Exxon Mobil by 1.2% during the 1st quarter. Bard Financial Services Inc. now owns 95,320 shares of the oil and gas company’s stock valued at $11,080,000 after buying an additional 1,150 shares during the period. Oxbow Advisors LLC raised its position in shares of Exxon Mobil by 90.2% during the 1st quarter. Oxbow Advisors LLC now owns 85,052 shares of the oil and gas company’s stock worth $9,886,000 after buying an additional 40,337 shares in the last quarter. Finally, Broderick Brian C lifted its stake in shares of Exxon Mobil by 31.4% in the 1st quarter. Broderick Brian C now owns 49,085 shares of the oil and gas company’s stock worth $5,706,000 after acquiring an additional 11,738 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.3 %

NYSE:XOM traded down $0.30 on Friday, hitting $112.95. 2,801,115 shares of the company’s stock traded hands, compared to its average volume of 17,849,930. The company has a market cap of $445.36 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 4.14 and a beta of 0.91. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $114.22 and a 200-day moving average price of $110.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results 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). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the business earned $2.83 EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Co. will post 9.02 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.36%. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XOM. TD Cowen boosted their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Scotiabank upped their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Truist Financial reaffirmed a “hold” rating and set a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. HSBC upped their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Finally, UBS Group lifted their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.41.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

About Exxon Mobil

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.