Sandy Cove Advisors LLC Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Sandy Cove Advisors LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 39.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,472 shares of the oil and gas company’s stock after purchasing an additional 1,839 shares during the period. Sandy Cove Advisors LLC’s holdings in Exxon Mobil were worth $752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $46,000. Vima LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $50,000. Keener Financial Planning LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $80,000. Neo Ivy Capital Management acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $80,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth about $91,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction 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 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 can be accessed through this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Down 0.1 %

Shares of XOM opened at $114.96 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The stock has a market capitalization of $453.29 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 4.14 and a beta of 0.91. The stock has a 50 day moving average price of $115.25 and a 200 day moving average price of $109.72.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter 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. Equities research analysts forecast that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Piper Sandler lifted their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Mizuho boosted their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. 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. Finally, HSBC boosted their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $133.82.

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.