White Wing Wealth Management Sells 104 Shares of Exxon Mobil Co. (NYSE:XOM)

White Wing Wealth Management lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,620 shares of the oil and gas company’s stock after selling 104 shares during the period. Exxon Mobil comprises approximately 0.3% of White Wing Wealth Management’s investment portfolio, making the stock its 27th biggest position. White Wing Wealth Management’s holdings in Exxon Mobil were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Partnership Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at $46,000. Vima LLC bought a new position in Exxon Mobil during the fourth quarter valued at about $50,000. Keener Financial Planning LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth about $80,000. Neo Ivy Capital Management bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $80,000. Finally, Orion Capital Management LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter valued at about $91,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $114.96 on Tuesday. The business’s 50 day moving average is $115.25 and its 200-day moving average is $109.72. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $453.29 billion, a PE ratio of 14.09, a PEG ratio of 4.14 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last posted 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 prior year, the firm earned $2.83 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Co. will post 9.28 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. 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 3.31%. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Ratings Changes

XOM has been the subject of a number of recent analyst reports. Piper Sandler upped their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. HSBC upped their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Barclays assumed coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Scotiabank upped their price target 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. Finally, Wells Fargo & Company lifted their price objective on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $133.82.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.