US Asset Management LLC Sells 103 Shares of Exxon Mobil Co. (NYSE:XOM)

US Asset Management LLC decreased its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 1.4% during the 1st quarter, HoldingsChannel reports. The fund owned 7,122 shares of the oil and gas company’s stock after selling 103 shares during the quarter. US Asset Management LLC’s holdings in Exxon Mobil were worth $828,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Founders Capital Management increased its position in shares of Exxon Mobil by 0.3% during the 1st quarter. Founders Capital Management now owns 57,666 shares of the oil and gas company’s stock worth $6,703,000 after purchasing an additional 161 shares during the last quarter. Thomasville National Bank increased its holdings in shares of Exxon Mobil by 3.8% during the 1st quarter. Thomasville National Bank now owns 182,920 shares of the oil and gas company’s stock worth $21,263,000 after acquiring an additional 6,682 shares during the last quarter. Signal Advisors Wealth LLC increased its holdings in shares of Exxon Mobil by 178.3% during the 1st quarter. Signal Advisors Wealth LLC now owns 12,222 shares of the oil and gas company’s stock worth $1,421,000 after acquiring an additional 7,830 shares during the last quarter. Perpetual Ltd increased its holdings in shares of Exxon Mobil by 10.7% during the 1st quarter. Perpetual Ltd now owns 36,252 shares of the oil and gas company’s stock worth $4,214,000 after acquiring an additional 3,508 shares during the last quarter. Finally, MADDEN SECURITIES Corp increased its holdings in shares of Exxon Mobil by 15.7% during the 1st quarter. MADDEN SECURITIES Corp now owns 22,745 shares of the oil and gas company’s stock worth $2,644,000 after acquiring an additional 3,079 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on XOM. Mizuho boosted their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Scotiabank boosted their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. TD Cowen boosted their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Piper Sandler boosted their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, HSBC boosted their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.71.

Read Our Latest Report on XOM

Exxon Mobil Price Performance

Shares of XOM stock traded up $2.37 on Thursday, hitting $111.75. 17,432,219 shares of the company’s stock were exchanged, compared to its average volume of 18,097,930. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a market cap of $440.63 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 3.90 and a beta of 0.92. The company has a 50 day moving average of $115.89 and a 200 day moving average of $108.98.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share 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 business had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter in the prior year, the company earned $2.83 earnings per share. Exxon Mobil’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Co. will post 9.36 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders 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 3.40%. Exxon Mobil’s payout ratio is presently 46.57%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated 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 owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMFree Report).

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

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