MONECO Advisors LLC Sells 731 Shares of Exxon Mobil Co. (NYSE:XOM)

MONECO Advisors LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 24,888 shares of the oil and gas company’s stock after selling 731 shares during the period. MONECO Advisors LLC’s holdings in Exxon Mobil were worth $2,488,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Partnership Wealth Management LLC bought a new stake in Exxon Mobil in the 4th quarter worth approximately $46,000. Vima LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at $50,000. Keener Financial Planning LLC purchased a new position in Exxon Mobil in the 4th quarter worth $80,000. Neo Ivy Capital Management bought a new stake in Exxon Mobil in the fourth quarter worth $80,000. Finally, Orion Capital Management LLC purchased a new stake in Exxon Mobil during the third quarter valued at about $91,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

XOM has been the topic of several analyst reports. Barclays initiated coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. Piper Sandler lifted their price target on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. TD Cowen increased their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. UBS Group lifted 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. Finally, Wells Fargo & Company upped their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $133.71.

Exxon Mobil Stock Down 0.7 %

XOM stock opened at $108.37 on Tuesday. The company has a market capitalization of $427.30 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 3.89 and a beta of 0.92. 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’s 50 day moving average price is $116.59 and its two-hundred day moving average price is $108.92. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results 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 firm 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%. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.83 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 9.36 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.51%. Exxon Mobil’s dividend payout ratio (DPR) 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.