Exxon Mobil Corporation $XOM Shares Sold by Kanawha Capital Management LLC

Kanawha Capital Management LLC lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,983 shares of the oil and gas company’s stock after selling 5,917 shares during the quarter. Kanawha Capital Management LLC’s holdings in Exxon Mobil were worth $15,783,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Westfuller Advisors LLC acquired a new position in Exxon Mobil during the third quarter worth approximately $30,000. Bare Financial Services Inc boosted its holdings in shares of Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 201 shares during the last quarter. Clayton Financial Group LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter valued at $40,000. TruNorth Capital Management LLC increased its holdings in shares of Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after buying an additional 335 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. purchased a new position in shares of Exxon Mobil in the 2nd quarter worth $42,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on XOM shares. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Piper Sandler decreased their target price on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Barclays increased their target price on shares of Exxon Mobil from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday. BNP Paribas Exane raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target on the stock in a research report on Monday, December 8th. Finally, TD Cowen reissued a “buy” rating on shares of Exxon Mobil in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.84.

Check Out Our Latest Research Report on Exxon Mobil

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This represents a 9.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $134.93 on Friday. The firm has a market capitalization of $569.03 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 8.59 and a beta of 0.37. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $135.98. The stock’s 50 day moving average price is $120.74 and its 200 day moving average price is $115.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.16. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $83.33 billion during the quarter, compared to the consensus estimate of $83.09 billion. During the same quarter last year, the company earned $1.92 earnings per share. Exxon Mobil’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a dividend of $1.03 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 annualized dividend and a yield of 3.1%. Exxon Mobil’s payout ratio is presently 59.88%.

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Exxon Mobil Company Profile

(Free Report)

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.

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

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