Shufro Rose & Co. LLC Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

Shufro Rose & Co. LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,119 shares of the oil and gas company’s stock after selling 700 shares during the period. Shufro Rose & Co. LLC’s holdings in Exxon Mobil were worth $6,111,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Keener Financial Planning LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $80,000. Orion Capital Management LLC bought a new position in shares of Exxon Mobil in the third quarter worth $91,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Exxon Mobil in the third quarter worth $92,000. TFO Wealth Partners LLC boosted its stake 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. Finally, Sumitomo Mitsui Financial Group Inc. boosted its stake in Exxon Mobil by 851.6% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 792 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.2 %

Shares of NYSE:XOM opened at $117.75 on Monday. The stock’s 50-day moving average is $113.33 and its 200 day moving average is $106.64. The company has a market cap of $466.09 billion, a PE ratio of 14.46, a P/E/G ratio of 4.05 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.83 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Scotiabank lifted their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Finally, Truist Financial raised their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by company insiders.

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.