Exxon Mobil Corporation $XOM Shares Sold by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 3.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 230,776 shares of the oil and gas company’s stock after selling 7,367 shares during the quarter. Exxon Mobil comprises about 1.9% of Neville Rodie & Shaw Inc.’s holdings, making the stock its 14th largest position. Neville Rodie & Shaw Inc.’s holdings in Exxon Mobil were worth $26,020,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elequin Capital LP purchased a new stake in shares of Exxon Mobil during the first quarter valued at approximately $31,000. Game Plan Financial Advisors LLC boosted its stake in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares during the period. 1248 Management LLC acquired a new stake in Exxon Mobil during the 1st quarter valued at $40,000. Marshall & Sullivan Inc. WA purchased a new stake in Exxon Mobil during the 2nd quarter worth $38,000. Finally, Bare Financial Services Inc lifted its holdings in Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on XOM shares. TD Cowen lifted their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday. BNP Paribas Exane upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a report on Monday, December 8th. Citigroup upped their target price on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Piper Sandler raised their price target on shares of Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Finally, UBS Group restated a “buy” rating on shares of Exxon Mobil in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $129.45.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $118.75, for a total transaction of $356,250.00. Following the sale, the vice president owned 31,584 shares in the company, valued at $3,750,600. This represents a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Price Performance

Shares of XOM opened at $117.75 on Tuesday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $120.81. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The firm has a market cap of $496.55 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 7.48 and a beta of 0.38. The stock has a 50 day moving average of $115.67 and a 200-day moving average of $112.40.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The firm had revenue of $57.55 billion for the quarter. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is currently 59.88%.

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.