Weatherly Asset Management L. P. Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Weatherly Asset Management L. P. lessened its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 8.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,826 shares of the oil and gas company’s stock after selling 1,170 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Exxon Mobil were worth $1,059,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Guardian Wealth Management Inc. purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $30,000. Horan Securities Inc. purchased a new stake in Exxon Mobil during the 4th quarter worth about $31,000. West Bancorporation Inc. purchased a new stake in Exxon Mobil during the 4th quarter worth about $32,000. Nvwm LLC increased its holdings in Exxon Mobil by 100.0% during the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 300 shares during the period. Finally, Core Wealth Advisors Inc. increased its holdings in Exxon Mobil by 454.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the transaction, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the transaction, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the transaction, the vice president now directly owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The disclosure for this sale can be found here. In the last three months, insiders sold 7,147 shares of company stock valued at $698,858. Corporate insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. HSBC upped their price target on Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a report on Wednesday, July 20th. Royal Bank of Canada upgraded Exxon Mobil from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $90.00 to $100.00 in a report on Thursday, April 21st. Credit Suisse Group raised Exxon Mobil from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $115.00 to $125.00 in a research report on Tuesday, June 21st. Citigroup upped their price objective on Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, May 19th. Finally, Truist Financial lowered their price objective on Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research report on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $96.40.

Exxon Mobil Stock Up 1.4 %

Exxon Mobil stock opened at $88.45 on Friday. Exxon Mobil Co. has a twelve month low of $52.10 and a twelve month high of $105.57. The stock has a 50 day moving average of $90.93 and a two-hundred day moving average of $85.91. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $372.60 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.31 and a beta of 1.09.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The company had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. During the same period last year, the firm earned $1.10 EPS. The firm’s revenue for the quarter was up 70.8% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Co. will post 12.35 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Thursday, August 11th. Exxon Mobil’s dividend payout ratio (DPR) is 38.51%.

Exxon Mobil Profile

(Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Featured Stories

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.