Doliver Advisors LP Sells 3,932 Shares of Exxon Mobil Co. (NYSE:XOM)

Doliver Advisors LP reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,138,986 shares of the oil and gas company’s stock after selling 3,932 shares during the period. Exxon Mobil comprises 37.3% of Doliver Advisors LP’s portfolio, making the stock its largest position. Doliver Advisors LP’s holdings in Exxon Mobil were worth $132,396,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in XOM. Auxier Asset Management increased its stake in Exxon Mobil by 0.8% during the third quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock valued at $1,524,000 after purchasing an additional 97 shares during the last quarter. Boltwood Capital Management lifted its holdings in Exxon Mobil by 0.4% in the 4th quarter. Boltwood Capital Management now owns 25,445 shares of the oil and gas company’s stock valued at $2,544,000 after acquiring an additional 98 shares during the last quarter. Stolper Co lifted its holdings in Exxon Mobil by 0.4% in the 1st quarter. Stolper Co now owns 23,809 shares of the oil and gas company’s stock valued at $2,768,000 after acquiring an additional 98 shares during the last quarter. CMG Global Holdings LLC lifted its stake in Exxon Mobil by 0.4% during the fourth quarter. CMG Global Holdings LLC now owns 23,939 shares of the oil and gas company’s stock valued at $2,483,000 after buying an additional 99 shares in the last quarter. Finally, Argus Investors Counsel Inc. lifted its stake in Exxon Mobil by 0.5% during the fourth 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 in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 3.0 %

Shares of NYSE:XOM opened at $114.05 on Tuesday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The company’s fifty day moving average is $115.59 and its 200-day moving average is $109.28. The company has a market capitalization of $449.70 billion, a PE ratio of 13.98, a P/E/G ratio of 3.95 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last issued 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). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company earned $2.83 EPS. Equities research analysts predict that Exxon Mobil Co. will post 9.36 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.33%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on XOM. HSBC increased their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Morgan Stanley restated an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Mizuho lifted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Piper Sandler lifted their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, Barclays initiated coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.71.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated 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 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

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.