Western Pacific Wealth Management LP Sells 722 Shares of Exxon Mobil Co. (NYSE:XOM)

Western Pacific Wealth Management LP reduced its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 29.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,765 shares of the oil and gas company’s stock after selling 722 shares during the period. Western Pacific Wealth Management LP’s holdings in Exxon Mobil were worth $176,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Franklin Resources Inc. increased its holdings in Exxon Mobil by 24.2% during the fourth quarter. Franklin Resources Inc. now owns 9,594,080 shares of the oil and gas company’s stock worth $959,216,000 after buying an additional 1,868,541 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in shares of Exxon Mobil by 0.3% during the 4th quarter. CreativeOne Wealth LLC now owns 36,114 shares of the oil and gas company’s stock valued at $3,610,000 after buying an additional 124 shares in the last quarter. L.M. Kohn & Company lifted its stake in shares of Exxon Mobil by 1.8% during the 4th quarter. L.M. Kohn & Company now owns 13,507 shares of the oil and gas company’s stock valued at $1,350,000 after buying an additional 243 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $915,000. Finally, Trexquant Investment LP purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $19,816,000. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil 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 sale, 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 accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on 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 sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The disclosure for this sale can be found here. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on XOM. UBS Group increased their target price on shares of Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. 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 report on Thursday, April 18th. Mizuho increased their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Barclays started coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Finally, Scotiabank increased their target price 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 equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.00.

View Our Latest Report on XOM

Exxon Mobil Trading Down 0.8 %

Shares of NYSE:XOM traded down $0.94 on Monday, hitting $118.70. The company had a trading volume of 11,549,778 shares, compared to its average volume of 18,532,277. The firm’s 50-day simple moving average is $117.09 and its two-hundred day simple moving average is $107.57. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year 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 firm has a market capitalization of $468.04 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 4.17 and a beta of 0.96.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly 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 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period last year, the business earned $2.83 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. Equities analysts anticipate that Exxon Mobil Co. will post 9.57 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed 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 3.20%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Exxon Mobil Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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