Tounjian Advisory Partners LLC Lowers Stake in Exxon Mobil Corporation $XOM

Tounjian Advisory Partners LLC cut its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 33.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 36,616 shares of the oil and gas company’s stock after selling 18,680 shares during the period. Exxon Mobil accounts for approximately 1.4% of Tounjian Advisory Partners LLC’s holdings, making the stock its 14th largest holding. Tounjian Advisory Partners LLC’s holdings in Exxon Mobil were worth $4,128,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Exxon Mobil during the second quarter valued at approximately $6,163,719,000. First Trust Advisors LP raised its position in Exxon Mobil by 150.2% in the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock worth $819,560,000 after buying an additional 4,563,707 shares during the last quarter. Cerity Partners LLC boosted its holdings in Exxon Mobil by 200.7% in the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after purchasing an additional 4,015,099 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in Exxon Mobil by 10,809.8% during the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock valued at $333,652,000 after acquiring an additional 3,066,736 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Exxon Mobil by 119.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock worth $301,310,000 after purchasing an additional 1,454,308 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Jefferies Financial Group lifted their price target on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. BMO Capital Markets restated a “market perform” rating and set a $155.00 target price on shares of Exxon Mobil in a research report on Wednesday, February 4th. Piper Sandler dropped their target price on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Finally, Loop Capital set a $123.00 price target on Exxon Mobil in a research report on Tuesday, February 3rd. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $140.59.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the sale, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. This trade represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 14,230 shares of company stock worth $1,888,421. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 2.7%

XOM stock opened at $152.55 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The firm has a market cap of $635.62 billion, a PE ratio of 22.80, a P/E/G ratio of 15.41 and a beta of 0.39. The firm’s fifty day moving average is $135.64 and its 200 day moving average is $121.56. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $156.93.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. The company had revenue of $80.04 billion during the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.Exxon Mobil’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 EPS. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.