Neville Rodie & Shaw Inc. Sells 2,849 Shares of Exxon Mobil Co. (NYSE:XOM)

Neville Rodie & Shaw Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,236 shares of the oil and gas company’s stock after selling 2,849 shares during the quarter. Exxon Mobil accounts for approximately 2.3% of Neville Rodie & Shaw Inc.’s holdings, making the stock its 10th biggest position. Neville Rodie & Shaw Inc.’s holdings in Exxon Mobil were worth $29,669,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Root Financial Partners LLC grew its holdings in shares of Exxon Mobil by 10.7% during the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after buying an additional 199 shares in the last quarter. RNC Capital Management LLC grew its stake in Exxon Mobil by 5.5% in the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after purchasing an additional 4,585 shares in the last quarter. Dupree Financial Group LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $378,000. Intact Investment Management Inc. grew its stake in Exxon Mobil by 225.7% in the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after purchasing an additional 47,400 shares in the last quarter. Finally, AJOVista LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $312,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on 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 directly 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 SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent research reports. Morgan Stanley restated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Wells Fargo & Company boosted their target price on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. HSBC boosted their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Mizuho upped their price target on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Finally, Piper Sandler upped their price target on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $133.71.

Exxon Mobil Trading Up 2.2 %

Shares of XOM stock opened at $111.75 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm’s fifty day simple moving average is $115.89 and its 200 day simple moving average is $108.98. The firm has a market capitalization of $440.63 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 3.90 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 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 in the prior year, the company posted $2.83 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, sell-side analysts predict that Exxon Mobil Co. will post 9.36 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is presently 46.57%.

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.