Exxon Mobil Co. (NYSE:XOM) Shares Sold by Flossbach Von Storch AG

Flossbach Von Storch AG lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% in the 1st quarter, Holdings Channel reports. The firm owned 569,258 shares of the oil and gas company’s stock after selling 3,085 shares during the period. Flossbach Von Storch AG’s holdings in Exxon Mobil were worth $66,171,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of XOM. First Pacific Financial acquired a new stake in Exxon Mobil in the 1st quarter valued at about $34,000. Partnership Wealth Management LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $46,000. Vima LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $50,000. Keener Financial Planning LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $80,000. Finally, Neo Ivy Capital Management acquired a new stake in Exxon Mobil in the 4th quarter valued at about $80,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Down 0.0 %

Exxon Mobil stock traded down $0.03 during mid-day trading on Friday, reaching $113.22. 1,357,394 shares of the company’s stock were exchanged, compared to its average volume of 17,839,074. The company has a market cap of $446.43 billion, a P/E ratio of 13.87, a P/E/G ratio of 4.14 and a beta of 0.91. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $114.22 and a 200-day moving average of $110.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same quarter last year, the company earned $2.83 earnings per share. Exxon Mobil’s quarterly revenue was down 4.0% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 9.02 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.36%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XOM. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. UBS Group increased their price target on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Truist Financial reissued a “hold” rating and issued a $124.00 price target (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $134.41.

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.