Exxon Mobil Co. (NYSE:XOM) Stake Reduced by Monterey Private Wealth Inc.

Monterey Private Wealth Inc. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 6.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,805 shares of the oil and gas company’s stock after selling 1,536 shares during the quarter. Exxon Mobil comprises approximately 1.0% of Monterey Private Wealth Inc.’s holdings, making the stock its 20th largest position. Monterey Private Wealth Inc.’s holdings in Exxon Mobil were worth $2,418,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Root Financial Partners LLC grew its stake in shares of Exxon Mobil by 10.7% in the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 199 shares in the last quarter. RNC Capital Management LLC grew its stake in shares of Exxon Mobil by 5.5% in the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after purchasing an additional 4,585 shares in the last quarter. Dupree Financial Group LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth $378,000. Intact Investment Management Inc. grew its stake in shares of Exxon Mobil by 225.7% in the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock worth $6,839,000 after purchasing an additional 47,400 shares in the last quarter. Finally, AJOVista LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth $312,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 2.2 %

Shares of Exxon Mobil stock opened at $111.75 on Friday. The stock has a 50-day moving average price of $115.89 and a 200 day moving average price of $108.98. The company has a market cap of $440.63 billion, a P/E ratio of 13.69, a P/E/G ratio of 3.90 and a beta of 0.92. The company has a current ratio of 1.38, a quick ratio of 1.06 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 announced 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 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%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.83 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 9.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Buying and Selling

In other Exxon Mobil news, 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 value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Wells Fargo & Company upped their price objective on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Truist Financial restated a “hold” rating and issued a $124.00 price objective (down previously from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Piper Sandler upped their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Finally, HSBC upped their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $133.71.

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.