Fulton Breakefield Broenniman LLC Sells 772 Shares of Exxon Mobil Co. (NYSE:XOM)

Fulton Breakefield Broenniman LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,320 shares of the oil and gas company’s stock after selling 772 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Exxon Mobil were worth $2,032,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Orion Capital Management LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at about $91,000. Authentikos Wealth Advisory LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $92,000. Keener Financial Planning LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $80,000. Sumitomo Mitsui Financial Group Inc. raised its holdings in Exxon Mobil by 851.6% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 792 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its position in Exxon Mobil by 118.5% during the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 525 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 2.8 %

NYSE XOM opened at $117.96 on Friday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a market capitalization of $466.92 billion, a P/E ratio of 14.46, a PEG ratio of 4.05 and a beta of 0.96. The firm’s 50-day moving average is $113.33 and its two-hundred day moving average is $106.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

Exxon Mobil (NYSE:XOM) last announced 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 net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the previous year, the firm earned $2.83 EPS. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of several research reports. Piper Sandler increased their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Wells Fargo & Company lifted their price objective on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. UBS Group lifted their target price on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Finally, Scotiabank upped their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.28.

About Exxon Mobil

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.