Stephens Consulting LLC Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Stephens Consulting LLC cut its position in Exxon Mobil Co. (NYSE:XOM) by 9.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,763 shares of the oil and gas company’s stock after selling 296 shares during the period. Stephens Consulting LLC’s holdings in Exxon Mobil were worth $321,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Fiduciary Alliance LLC raised its holdings in shares of Exxon Mobil by 0.9% during the first quarter. Fiduciary Alliance LLC now owns 14,763 shares of the oil and gas company’s stock valued at $1,727,000 after purchasing an additional 134 shares during the last quarter. Sandy Cove Advisors LLC raised its holdings in shares of Exxon Mobil by 39.7% during the first quarter. Sandy Cove Advisors LLC now owns 6,472 shares of the oil and gas company’s stock valued at $752,000 after purchasing an additional 1,839 shares during the last quarter. D.B. Root & Company LLC raised its holdings in shares of Exxon Mobil by 5.9% during the first quarter. D.B. Root & Company LLC now owns 22,772 shares of the oil and gas company’s stock valued at $2,647,000 after purchasing an additional 1,276 shares during the last quarter. Trilogy Capital Inc. raised its holdings in shares of Exxon Mobil by 14.8% during the first quarter. Trilogy Capital Inc. now owns 28,926 shares of the oil and gas company’s stock valued at $3,362,000 after purchasing an additional 3,727 shares during the last quarter. Finally, Red Door Wealth Management LLC raised its holdings in shares of Exxon Mobil by 9.7% during the first quarter. Red Door Wealth Management LLC now owns 22,285 shares of the oil and gas company’s stock valued at $2,590,000 after purchasing an additional 1,966 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on XOM shares. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. UBS Group boosted their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Scotiabank upped their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Mizuho upped their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Truist Financial reaffirmed a “hold” rating and set a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $133.82.

Exxon Mobil Price Performance

Shares of NYSE: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. The firm has a fifty day moving average price of $115.25 and a 200 day moving average price of $109.72. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The firm has a market cap 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 (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 the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter last year, the business earned $2.83 EPS. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given 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 3.31%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

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.