Congress Asset Management Co. MA Sells 154 Shares of Exxon Mobil Co. (NYSE:XOM)

Congress Asset Management Co. MA lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,827 shares of the oil and gas company’s stock after selling 154 shares during the quarter. Congress Asset Management Co. MA’s holdings in Exxon Mobil were worth $2,537,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Partnership Wealth Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $46,000. Vima LLC bought a new position in Exxon Mobil during the 4th quarter worth approximately $50,000. Keener Financial Planning LLC acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $80,000. Neo Ivy Capital Management bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $80,000. Finally, Orion Capital Management LLC bought a new stake in Exxon Mobil in the third quarter valued at approximately $91,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of several recent analyst reports. Truist Financial reiterated 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. TD Cowen increased their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Mizuho upped their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Morgan Stanley restated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $133.71.

Insider Buying and Selling 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.9 %

Shares of NYSE:XOM opened at $110.76 on Friday. The business’s 50 day simple moving average is $115.70 and its 200 day simple moving average is $109.10. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a market capitalization of $436.73 billion, a P/E ratio of 13.57, a P/E/G ratio of 3.98 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the firm earned $2.83 EPS. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, research analysts anticipate that Exxon Mobil Co. will post 9.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.43%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

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.