Exxon Mobil Corporation (NYSE:XOM) Shares Sold by G2 Capital Management LLC OH

G2 Capital Management LLC OH lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 33.7% in the first quarter, Holdings Channel reports. The firm owned 3,007 shares of the oil and gas company’s stock after selling 1,528 shares during the period. G2 Capital Management LLC OH’s holdings in Exxon Mobil were worth $358,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. 10Elms LLP acquired a new stake in Exxon Mobil in the 4th quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth approximately $32,000. Synergy Investment Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth $47,000. Finally, Clarity Asset Management Inc. grew its holdings in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on XOM. Barclays restated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. TD Cowen lifted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley lowered their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, UBS Group cut their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $108.41 on Thursday. The stock has a market capitalization of $467.21 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 2.17 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The business has a 50-day moving average of $106.92 and a 200 day moving average of $108.54. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

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.