Boltwood Capital Management Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)


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Boltwood Capital Management reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,172 shares of the oil and gas company’s stock after selling 1,245 shares during the period. Boltwood Capital Management’s holdings in Exxon Mobil were worth $1,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AIMZ Investment Advisors LLC lifted its position in Exxon Mobil by 1.5% in the 4th quarter. AIMZ Investment Advisors LLC now owns 14,247 shares of the oil and gas company’s stock worth $587,000 after buying an additional 211 shares in the last quarter. Moulton Wealth Management Inc. raised its holdings in shares of Exxon Mobil by 2.0% during the 4th quarter. Moulton Wealth Management Inc. now owns 11,097 shares of the oil and gas company’s stock valued at $520,000 after purchasing an additional 215 shares in the last quarter. Firestone Capital Management raised its holdings in shares of Exxon Mobil by 0.9% during the 4th quarter. Firestone Capital Management now owns 25,114 shares of the oil and gas company’s stock valued at $1,035,000 after purchasing an additional 226 shares in the last quarter. Archer Investment Corp raised its holdings in shares of Exxon Mobil by 1.7% during the 4th quarter. Archer Investment Corp now owns 13,259 shares of the oil and gas company’s stock valued at $547,000 after purchasing an additional 226 shares in the last quarter. Finally, Wellington Shields & Co. LLC raised its holdings in shares of Exxon Mobil by 0.6% during the 4th quarter. Wellington Shields & Co. LLC now owns 41,841 shares of the oil and gas company’s stock valued at $1,725,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds own 50.90% of the company’s stock.

In other news, Director Michael J. Angelakis purchased 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 1st. The stock was purchased at an average cost of $57.16 per share, with a total value of $1,429,000.00. Following the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $457,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.05% of the company’s stock.

XOM has been the topic of a number of recent research reports. UBS Group restated a “neutral” rating and set a $62.00 price target (up previously from $48.00) on shares of Exxon Mobil in a report on Monday, March 15th. The Goldman Sachs Group restated a “buy” rating and set a $65.00 price target on shares of Exxon Mobil in a report on Tuesday, March 16th. Zacks Investment Research lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a research note on Monday, January 18th. Truist Financial raised their target price on shares of Exxon Mobil from $39.00 to $45.00 in a research note on Friday, December 18th. Finally, Morgan Stanley raised their target price on shares of Exxon Mobil from $60.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday, March 16th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $52.67.

Shares of Exxon Mobil stock traded down $0.82 during trading on Thursday, hitting $55.77. 431,784 shares of the company’s stock traded hands, compared to its average volume of 31,036,705. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58. The firm’s fifty day moving average price is $57.07 and its 200 day moving average price is $44.53. Exxon Mobil Co. has a twelve month low of $31.11 and a twelve month high of $62.55. The company has a market cap of $236.10 billion, a PE ratio of 33.68 and a beta of 1.31.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Monday, February 1st. The oil and gas company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The business had revenue of $46.54 billion for the quarter, compared to analyst estimates of $48.76 billion. During the same period in the previous year, the business earned $1.33 EPS. The firm’s revenue was down 30.7% on a year-over-year basis. As a group, equities research analysts anticipate that Exxon Mobil Co. will post -0.52 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Investors of record on Wednesday, February 10th were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 6.24%. The ex-dividend date of this dividend was Tuesday, February 9th. Exxon Mobil’s dividend payout ratio is currently 154.67%.

About Exxon Mobil

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; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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