Roanoke Asset Management Corp NY Sells 230 Shares of Exxon Mobil Co. (NYSE:XOM)

Roanoke Asset Management Corp NY lessened its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,609 shares of the oil and gas company’s stock after selling 230 shares during the period. Roanoke Asset Management Corp NY’s holdings in Exxon Mobil were worth $490,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Karp Capital Management Corp acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $28,000. Horizons Wealth Management acquired a new stake in shares of Exxon Mobil in the second quarter valued at approximately $41,000. Mine & Arao Wealth Creation & Management LLC. raised its position in shares of Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 169 shares in the last quarter. Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $44,000. Finally, Rock Creek Group LP acquired a new stake in shares of Exxon Mobil in the second quarter valued at approximately $49,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $105.00, for a total transaction of $262,500.00. Following the sale, the vice president now owns 34,272 shares of the company’s stock, valued at $3,598,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on XOM. Exane BNP Paribas upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price objective for the company in a research report on Tuesday, November 1st. HSBC boosted their price objective on shares of Exxon Mobil to $111.00 in a research report on Friday, December 2nd. Truist Financial boosted their price objective on shares of Exxon Mobil from $111.00 to $114.00 in a research report on Monday, October 31st. Barclays boosted their price objective on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Exxon Mobil from $102.00 to $103.00 and gave the company an “overweight” rating in a research report on Tuesday, October 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $114.35.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $113.81 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.34 and a debt-to-equity ratio of 0.20. The stock has a market cap of $468.70 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 0.48 and a beta of 1.11. The company’s fifty day moving average is $109.54 and its 200 day moving average is $101.20. Exxon Mobil Co. has a twelve month low of $71.39 and a twelve month high of $126.54.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.57. The business had revenue of $112.07 billion for the quarter, compared to analysts’ expectations of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The business’s quarterly revenue was up 51.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 13.92 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were given a dividend of $0.91 per share. The ex-dividend date was Monday, November 14th. This represents a $3.64 dividend on an annualized basis and a yield of 3.20%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s dividend payout ratio is 29.71%.

About Exxon Mobil

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.