Exxon Mobil Co. (NYSE:XOM) Shares Sold by Successful Portfolios LLC

Successful Portfolios LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 5.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,825 shares of the oil and gas company’s stock after selling 509 shares during the quarter. Successful Portfolios LLC’s holdings in Exxon Mobil were worth $1,026,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Partnership Wealth Management LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $46,000. Vima LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $50,000. Orion Capital Management LLC acquired a new stake in Exxon Mobil in the 3rd quarter valued at about $91,000. Keener Financial Planning LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $80,000. Finally, Neo Ivy Capital Management acquired a new stake in Exxon Mobil in the 4th quarter valued at about $80,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the 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 transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. Truist Financial reissued a “hold” rating and issued a $124.00 price target (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Piper Sandler upped their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Mizuho upped their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $133.82.

Exxon Mobil Price Performance

Shares of XOM opened at $114.96 on Tuesday. The company has a market capitalization of $453.29 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 4.14 and a beta of 0.91. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week 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 business’s 50-day moving average is $115.25 and its 200-day moving average is $109.72.

Exxon Mobil (NYSE:XOM) last released 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 return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the prior year, the company posted $2.83 EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 9.28 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were issued a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.31%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.