Accredited Investors Inc. Has $604,000 Position in Exxon Mobil Co. (NYSE:XOM)

Accredited Investors Inc. lowered its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 7.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,312 shares of the oil and gas company’s stock after selling 620 shares during the period. Accredited Investors Inc.’s holdings in Exxon Mobil were worth $604,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LCM Capital Management Inc increased its position in shares of Exxon Mobil by 1.3% during the first quarter. LCM Capital Management Inc now owns 10,003 shares of the oil and gas company’s stock worth $826,000 after buying an additional 124 shares during the period. Investors Research Corp grew its holdings in Exxon Mobil by 1.6% in the first quarter. Investors Research Corp now owns 7,835 shares of the oil and gas company’s stock worth $647,000 after purchasing an additional 125 shares during the period. Moulton Wealth Management Inc. lifted its stake in shares of Exxon Mobil by 1.0% in the first quarter. Moulton Wealth Management Inc. now owns 12,197 shares of the oil and gas company’s stock valued at $1,014,000 after buying an additional 126 shares in the last quarter. Roble Belko & Company Inc lifted its stake in shares of Exxon Mobil by 2.4% in the fourth quarter. Roble Belko & Company Inc now owns 5,508 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 129 shares in the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in shares of Exxon Mobil by 0.8% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 17,330 shares of the oil and gas company’s stock valued at $1,060,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds own 54.07% of the company’s stock.

Exxon Mobil Trading Down 4.2 %

Shares of XOM opened at $87.19 on Friday. The firm has a market cap of $367.29 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.32 and a beta of 1.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. Exxon Mobil Co. has a fifty-two week low of $52.10 and a fifty-two week high of $105.57. The firm has a 50 day moving average price of $91.11 and a 200-day moving average price of $85.81.

Exxon Mobil (NYSE:XOMGet Rating) last announced 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. The firm had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The business’s quarterly revenue was up 70.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 12.24 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be issued a $0.88 dividend. The ex-dividend date is Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.04%. Exxon Mobil’s payout ratio is 38.51%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. Cowen raised their price target on shares of Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Bank of America lifted their target price on shares of Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday. Piper Sandler upgraded shares of Exxon Mobil from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $102.00 to $109.00 in a research note on Tuesday, July 19th. Royal Bank of Canada upgraded shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $90.00 to $100.00 in a research note on Thursday, April 21st. Finally, Citigroup boosted their price objective on shares of Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, May 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.40.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares in the company, valued at approximately $3,121,620.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the transaction, the vice president now directly owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the transaction, the vice president now directly owns 32,510 shares in the company, valued at $3,142,091.50. The disclosure for this sale can be found here. Insiders sold 7,147 shares of company stock worth $698,858 in the last three months. 0.04% of the stock is owned by insiders.

Exxon Mobil Profile

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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.

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

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