Summit Trail Advisors LLC Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Summit Trail Advisors LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,285 shares of the oil and gas company’s stock after selling 1,271 shares during the quarter. Summit Trail Advisors LLC’s holdings in Exxon Mobil were worth $2,628,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of XOM. PDS Planning Inc increased its stake in Exxon Mobil by 1.6% in the 3rd quarter. PDS Planning Inc now owns 17,792 shares of the oil and gas company’s stock worth $2,092,000 after buying an additional 279 shares in the last quarter. Cavalier Investments LLC purchased a new position in shares of Exxon Mobil during the third quarter valued at about $1,762,000. Mcdaniel Terry & Co. grew its position in shares of Exxon Mobil by 9.4% during the third quarter. Mcdaniel Terry & Co. now owns 54,963 shares of the oil and gas company’s stock valued at $6,463,000 after purchasing an additional 4,700 shares in the last quarter. Armor Investment Advisors LLC grew its position in shares of Exxon Mobil by 1.3% during the third quarter. Armor Investment Advisors LLC now owns 16,543 shares of the oil and gas company’s stock valued at $1,945,000 after purchasing an additional 207 shares in the last quarter. Finally, Carderock Capital Management Inc. grew its position in shares of Exxon Mobil by 37.2% during the third quarter. Carderock Capital Management Inc. now owns 4,363 shares of the oil and gas company’s stock valued at $513,000 after purchasing an additional 1,183 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on XOM. Truist Financial raised their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. UBS Group raised their price objective on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Mizuho reaffirmed a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Piper Sandler increased their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Finally, Scotiabank increased their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $134.06.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of the business’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 sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Darrin L. Talley sold 2,426 shares of the business’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 sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Darrin L. Talley sold 2,400 shares of the business’s 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 transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 0.5 %

XOM stock traded down $0.56 during trading on Tuesday, hitting $116.19. 5,212,024 shares of the company’s stock traded hands, compared to its average volume of 18,536,637. The firm has a market capitalization of $458.14 billion, a P/E ratio of 14.30, a PEG ratio of 4.03 and a beta of 0.96. The business has a fifty day simple moving average of $114.90 and a two-hundred day simple moving average of $106.92. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s quarterly 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 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared 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 3.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.