Gallacher Capital Management LLC Sells 1,303 Shares of Exxon Mobil Co. (NYSE:XOM)

Gallacher Capital Management LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 32.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,652 shares of the oil and gas company’s stock after selling 1,303 shares during the quarter. Gallacher Capital Management LLC’s holdings in Exxon Mobil were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Trellis Wealth Advisors LLC acquired a new position in Exxon Mobil during the 3rd quarter valued at about $238,000. Sweet Financial Partners LLC grew its holdings in shares of Exxon Mobil by 3.8% during the third quarter. Sweet Financial Partners LLC now owns 15,325 shares of the oil and gas company’s stock valued at $1,802,000 after buying an additional 563 shares during the last quarter. First Bancorp Inc ME increased its position in shares of Exxon Mobil by 5.4% in the 3rd quarter. First Bancorp Inc ME now owns 23,084 shares of the oil and gas company’s stock valued at $2,714,000 after acquiring an additional 1,178 shares during the period. Accurate Wealth Management LLC lifted its position in Exxon Mobil by 2.4% during the 3rd quarter. Accurate Wealth Management LLC now owns 63,287 shares of the oil and gas company’s stock worth $7,049,000 after acquiring an additional 1,477 shares during the period. Finally, Balboa Wealth Partners grew its stake in Exxon Mobil by 25.4% during the 3rd quarter. Balboa Wealth Partners now owns 8,240 shares of the oil and gas company’s stock valued at $969,000 after purchasing an additional 1,668 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM traded up $0.75 during midday trading on Monday, reaching $116.75. The company had a trading volume of 30,100,332 shares, compared to its average volume of 18,681,119. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The business has a 50-day moving average price of $114.65 and a two-hundred day moving average price of $106.89. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock has a market cap of $460.35 billion, a PE ratio of 14.37, a P/E/G ratio of 4.03 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $2.83 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.61 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.25%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Scotiabank lifted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler raised their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, Truist Financial lifted their price target on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $134.06.

Exxon Mobil 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.