G&S Capital LLC Sells 146 Shares of Exxon Mobil Co. (NYSE:XOM)

G&S Capital LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,935 shares of the oil and gas company’s stock after selling 146 shares during the period. G&S Capital LLC’s holdings in Exxon Mobil were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Norges Bank bought a new stake in Exxon Mobil during the fourth quarter worth $5,519,753,000. Global Assets Advisory LLC lifted its stake in Exxon Mobil by 16,399.4% during the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock worth $1,466,589,000 after purchasing an additional 12,540,435 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Exxon Mobil by 566.2% during the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after purchasing an additional 11,216,602 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Exxon Mobil by 10,221.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after purchasing an additional 4,870,115 shares during the last quarter. Finally, Capital International Investors lifted its stake in Exxon Mobil by 22.8% during the fourth quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock worth $2,198,413,000 after purchasing an additional 4,084,458 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on XOM shares. Wells Fargo & Company upped their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Scotiabank upped their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. TD Cowen upped their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Piper Sandler upped their price target 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. Finally, Mizuho upped their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $133.82.

Exxon Mobil Stock Performance

NYSE XOM opened at $114.40 on Thursday. The company has a market capitalization of $451.08 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 4.11 and a beta of 0.92. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock has a fifty day simple moving average of $115.50 and a 200 day simple moving average of $109.39. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

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 for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the previous year, the business posted $2.83 earnings per share. The business’s revenue was down 4.0% on a year-over-year basis. Sell-side analysts expect that Exxon Mobil Co. will post 9.28 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 3.32%. Exxon Mobil’s payout ratio is currently 46.57%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, 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 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.