Barr E S & Co. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,097 shares of the oil and gas company’s stock after selling 1,000 shares during the quarter. Barr E S & Co.’s holdings in Exxon Mobil were worth $2,006,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Oxinas Partners Wealth Management LLC raised its position in shares of Exxon Mobil by 4.6% in the third quarter. Oxinas Partners Wealth Management LLC now owns 3,577 shares of the oil and gas company’s stock valued at $210,000 after purchasing an additional 157 shares during the period. APCM Wealth Management for Individuals grew its position in shares of Exxon Mobil by 3.5% in the third quarter. APCM Wealth Management for Individuals now owns 4,885 shares of the oil and gas company’s stock valued at $287,000 after purchasing an additional 163 shares during the last quarter. TRUE Private Wealth Advisors increased its stake in shares of Exxon Mobil by 0.9% during the third quarter. TRUE Private Wealth Advisors now owns 17,672 shares of the oil and gas company’s stock worth $1,039,000 after purchasing an additional 164 shares during the period. Bernardo Wealth Planning LLC lifted its holdings in Exxon Mobil by 3.4% during the 3rd quarter. Bernardo Wealth Planning LLC now owns 5,026 shares of the oil and gas company’s stock worth $295,000 after purchasing an additional 165 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC increased its position in Exxon Mobil by 1.0% during the third quarter. Legacy Wealth Asset Management LLC now owns 16,136 shares of the oil and gas company’s stock worth $949,000 after acquiring an additional 165 shares during the period. 51.71% of the stock is owned by institutional investors and hedge funds.
In other news, insider James M. Spellings, Jr. sold 12,500 shares of the stock in a transaction on Wednesday, December 8th. The shares were sold at an average price of $62.63, for a total value of $782,875.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael J. Angelakis acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, November 3rd. The shares were bought at an average cost of $64.00 per share, with a total value of $320,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 5,544 shares of company stock worth $352,640 and sold 28,400 shares worth $1,771,158. Corporate insiders own 0.05% of the company’s stock.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Thursday, October 28th. The oil and gas company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.56 by $0.02. Exxon Mobil had a positive return on equity of 8.66% and a negative net margin of 2.39%. The business had revenue of $73.79 billion for the quarter, compared to the consensus estimate of $72.05 billion. During the same quarter in the prior year, the business earned ($0.18) earnings per share. Exxon Mobil’s revenue for the quarter was up 59.7% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Co. will post 5.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 10th. Investors of record on Friday, November 12th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.92%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.87. The ex-dividend date was Wednesday, November 10th. Exxon Mobil’s payout ratio is presently -253.24%.
Several analysts recently issued reports on XOM shares. Zacks Investment Research upgraded shares of Exxon Mobil from a “hold” rating to a “strong-buy” rating and set a $82.00 price target on the stock in a research report on Thursday. Truist upped their price objective on Exxon Mobil from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday. Barclays boosted their target price on Exxon Mobil from $71.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 8th. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 price objective for the company. in a research report on Monday, October 11th. Finally, Bank of America restated a “buy” rating and issued a $95.00 target price on shares of Exxon Mobil in a research report on Monday, November 1st. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $66.98.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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