Exxon Mobil Corporation $XOM is Fruth Investment Management’s 4th Largest Position

Fruth Investment Management cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 85,538 shares of the oil and gas company’s stock after selling 209 shares during the quarter. Exxon Mobil accounts for about 2.8% of Fruth Investment Management’s portfolio, making the stock its 4th largest holding. Fruth Investment Management’s holdings in Exxon Mobil were worth $10,173,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of XOM. 10Elms LLP purchased a new position in Exxon Mobil during the 4th quarter worth approximately $25,000. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the 1st quarter worth approximately $29,000. Elequin Capital LP purchased a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $32,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $112.26 on Friday. The firm has a market cap of $478.59 billion, a PE ratio of 15.95, a PEG ratio of 2.06 and a beta of 0.57. The firm has a fifty day moving average of $110.55 and a 200 day moving average of $109.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.14 EPS. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s payout ratio is presently 56.25%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. UBS Group raised their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. TD Cowen raised 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, June 23rd. Barclays restated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler raised their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Finally, Bank of America raised their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $124.81.

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.