Motco Sells 9,512 Shares of Exxon Mobil Co. (NYSE:XOM)

Motco trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 10.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,617 shares of the oil and gas company’s stock after selling 9,512 shares during the quarter. Motco’s holdings in Exxon Mobil were worth $6,493,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Guardian Wealth Management Inc. bought a new stake in Exxon Mobil during the 4th quarter valued at $30,000. Horan Securities Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $31,000. West Bancorporation Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $32,000. Nvwm LLC lifted its stake in Exxon Mobil by 100.0% in the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 300 shares during the period. Finally, Core Wealth Advisors Inc. increased its position in Exxon Mobil by 454.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 500 shares during the period. 54.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Truist Financial dropped their price objective on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research note on Tuesday, July 19th. Piper Sandler upgraded Exxon Mobil from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $102.00 to $109.00 in a report on Tuesday, July 19th. HSBC boosted their price target on Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a research report on Wednesday, July 20th. Bank of America lifted their target price on Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, August 1st. Finally, Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $96.40.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the sale, the vice president now owns 30,363 shares in the company, valued at $3,121,620.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the transaction, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the sale, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,147 shares of company stock worth $698,858. Insiders own 0.04% of the company’s stock.

Exxon Mobil Trading Up 1.4 %

Exxon Mobil stock opened at $88.45 on Friday. The stock has a 50-day moving average price of $90.93 and a 200 day moving average price of $85.91. The company has a market capitalization of $372.60 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.31 and a beta of 1.09. Exxon Mobil Co. has a 52 week low of $52.10 and a 52 week high of $105.57. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.74 by $0.40. The business had revenue of $115.68 billion during 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 business’s quarterly revenue was up 70.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 12.35 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.98%. The ex-dividend date is Thursday, August 11th. Exxon Mobil’s dividend payout ratio is currently 38.51%.

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.