Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Vestia Personal Wealth Advisors

Vestia Personal Wealth Advisors lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.5% in the first quarter, HoldingsChannel reports. The firm owned 2,833 shares of the oil and gas company’s stock after selling 103 shares during the quarter. Vestia Personal Wealth Advisors’ holdings in Exxon Mobil were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Exxon Mobil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock worth $10,023,875,000 after acquiring an additional 1,104,617 shares during the period. Norges Bank acquired a new position in Exxon Mobil during the 4th quarter worth $6,936,737,000. Northern Trust Corp boosted its position in Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares during the period. Bank of New York Mellon Corp boosted its position in Exxon Mobil by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock worth $5,390,318,000 after acquiring an additional 1,340,343 shares during the period. Finally, Franklin Resources Inc. boosted its position in Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley reduced their price target 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. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. TD Cowen boosted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Finally, Piper Sandler boosted their price objective on Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.05.

Exxon Mobil Trading Up 0.4%

NYSE:XOM opened at $115.40 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The firm has a market capitalization of $497.33 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50. The stock has a fifty day simple moving average of $108.01 and a 200 day simple moving average of $108.78.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 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.