Westend Capital Management LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

Westend Capital Management LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the first quarter, HoldingsChannel reports. The institutional investor bought 11,698 shares of the oil and gas company’s stock, valued at approximately $1,360,000. Exxon Mobil comprises 0.5% of Westend Capital Management LLC’s portfolio, making the stock its 26th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Auxier Asset Management lifted its holdings in Exxon Mobil by 0.8% in the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock worth $1,524,000 after purchasing an additional 97 shares during the last quarter. Boltwood Capital Management raised its position in shares of Exxon Mobil by 0.4% in the fourth quarter. Boltwood Capital Management now owns 25,445 shares of the oil and gas company’s stock valued at $2,544,000 after purchasing an additional 98 shares during the period. Stolper Co lifted its stake in shares of Exxon Mobil by 0.4% in the first quarter. Stolper Co now owns 23,809 shares of the oil and gas company’s stock worth $2,768,000 after buying an additional 98 shares during the last quarter. CMG Global Holdings LLC boosted its holdings in shares of Exxon Mobil by 0.4% during the 4th quarter. CMG Global Holdings LLC now owns 23,939 shares of the oil and gas company’s stock worth $2,483,000 after buying an additional 99 shares during the period. Finally, Argus Investors Counsel Inc. grew its stake in Exxon Mobil by 0.5% in the 4th quarter. Argus Investors Counsel Inc. now owns 20,450 shares of the oil and gas company’s stock valued at $2,045,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction 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 sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded up $2.13 during trading on Monday, hitting $112.89. 3,461,180 shares of the company’s stock traded hands, compared to its average volume of 18,260,322. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month 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 cap of $445.13 billion, a PE ratio of 13.87, a PEG ratio of 3.98 and a beta of 0.92. The firm’s fifty day moving average price is $115.70 and its 200 day moving average price is $109.17.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share 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 previous year, the firm posted $2.83 earnings per share. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. 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 declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analyst Ratings Changes

A number of research analysts have weighed in on XOM shares. UBS Group boosted their target price on shares of Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Piper Sandler boosted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. 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 report on Friday, June 7th. Scotiabank upped their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Finally, HSBC increased their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.71.

Exxon Mobil 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.