Exxon Mobil Co. (NYSE:XOM) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 12.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,658 shares of the oil and gas company’s stock after selling 2,000 shares during the quarter. Sargent Investment Group LLC’s holdings in Exxon Mobil were worth $1,211,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in XOM. LCM Capital Management Inc boosted its holdings in 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 valued at $826,000 after purchasing an additional 124 shares in the last quarter. Investors Research Corp raised its stake in shares of 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 valued at $647,000 after acquiring an additional 125 shares during the last quarter. Moulton Wealth Management Inc. raised its position in Exxon Mobil by 1.0% in the 1st quarter. Moulton Wealth Management Inc. now owns 12,197 shares of the oil and gas company’s stock worth $1,014,000 after purchasing an additional 126 shares during the last quarter. Roble Belko & Company Inc raised its position in shares of Exxon Mobil by 2.4% during the 4th quarter. Roble Belko & Company Inc now owns 5,508 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 129 shares during the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC raised its position in shares of Exxon Mobil by 0.8% during the 4th 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 acquiring an additional 130 shares during the last quarter. 54.07% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

NYSE XOM opened at $87.19 on Friday. Exxon Mobil Co. has a 12 month low of $52.10 and a 12 month high of $105.57. The stock 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’s 50 day moving average is $91.11 and its two-hundred day moving average is $85.81. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.40. The firm had revenue of $115.68 billion for the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company’s revenue for the quarter was up 70.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 12.24 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

Insider Activity

In other news, 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 completion of the sale, the vice president now directly owns 32,510 shares of the company’s stock, valued at $3,142,091.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated 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 owns 32,510 shares in the company, valued at $3,142,091.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction dated 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 owns 30,363 shares in the company, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,147 shares of company stock valued at $698,858. 0.04% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. Morgan Stanley reduced their target price on shares of Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. Argus increased their price target on shares of Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. Piper Sandler upgraded shares of Exxon Mobil from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $102.00 to $109.00 in a research report on Tuesday, July 19th. Royal Bank of Canada upgraded shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $90.00 to $100.00 in a research report on Thursday, April 21st. Finally, StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $96.40.

Exxon Mobil Company 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.

See Also

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

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