CJM Wealth Advisers Ltd. Sells 3,979 Shares of Exxon Mobil Co. (NYSE:XOM)

CJM Wealth Advisers Ltd. cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,777 shares of the oil and gas company’s stock after selling 3,979 shares during the period. Exxon Mobil makes up 2.2% of CJM Wealth Advisers Ltd.’s investment portfolio, making the stock its 8th biggest holding. CJM Wealth Advisers Ltd.’s holdings in Exxon Mobil were worth $5,902,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Partnership Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter worth $46,000. Vima LLC bought a new stake in Exxon Mobil during the fourth quarter valued at about $50,000. Orion Capital Management LLC bought a new stake in Exxon Mobil during the third quarter valued at about $91,000. Keener Financial Planning LLC bought a new stake in Exxon Mobil during the fourth quarter valued at about $80,000. Finally, Neo Ivy Capital Management bought a new stake in Exxon Mobil during the fourth quarter valued at about $80,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock opened at $111.75 on Friday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The firm has a market capitalization of $440.63 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 3.90 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average of $115.89 and a 200-day moving average of $108.98.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the firm earned $2.83 EPS. Exxon Mobil’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Co. will post 9.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors 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 annualized dividend and a yield of 3.40%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Activity at Exxon Mobil

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

Wall Street Analyst Weigh In

XOM has been the subject of several research reports. Scotiabank increased their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Truist Financial reiterated 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. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Mizuho increased their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, Barclays began coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.71.

Exxon Mobil Company Profile

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.