Avenir Corp Sells 500 Shares of Exxon Mobil Co. (NYSE:XOM)

Avenir Corp reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,996 shares of the oil and gas company’s stock after selling 500 shares during the quarter. Avenir Corp’s holdings in Exxon Mobil were worth $799,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Partnership Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $46,000. Keener Financial Planning LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $80,000. Orion Capital Management LLC purchased a new stake in Exxon Mobil during the 3rd quarter valued at $91,000. Life Planning Partners Inc purchased a new stake in Exxon Mobil during the 4th quarter valued at $116,000. Finally, Bare Financial Services Inc purchased a new stake in Exxon Mobil during the 4th quarter valued at $116,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $0.90 during trading on Tuesday, hitting $112.18. The stock had a trading volume of 12,458,291 shares, compared to its average volume of 18,194,811. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock has a market capitalization of $442.33 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 3.93 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The stock has a 50-day simple moving average of $117.44 and a two-hundred day simple moving average of $108.74.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) 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 firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the previous year, the business earned $2.83 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Co. will post 9.57 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Analysts Set New Price Targets

A number of research firms have weighed in on XOM. Scotiabank increased their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. UBS Group raised their price target on Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Truist Financial restated a “hold” rating and set a $124.00 price target (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday. HSBC raised 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. Finally, Wells Fargo & Company raised their price target on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $133.71.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

Exxon Mobil Company Profile

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.