Exxon Mobil Co. (NYSE:XOM) Stock Holdings Reduced by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,285 shares of the oil and gas company’s stock after selling 13,053 shares during the quarter. Exxon Mobil comprises 2.8% of Abner Herrman & Brock LLC’s portfolio, making the stock its 8th biggest holding. Abner Herrman & Brock LLC’s holdings in Exxon Mobil were worth $22,816,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Partnership Wealth Management LLC bought a new position in Exxon Mobil during the fourth quarter valued at about $46,000. Vima LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $50,000. Orion Capital Management LLC acquired a new stake in Exxon Mobil during the 3rd quarter valued at $91,000. Keener Financial Planning LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at about $80,000. Finally, Neo Ivy Capital Management bought a new position in shares of Exxon Mobil in the fourth quarter worth about $80,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 2.2 %

Shares of XOM opened at $111.75 on Friday. The firm has a market capitalization of $440.63 billion, a price-to-earnings ratio of 13.69, a PEG 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. The firm’s 50-day moving average price is $115.89 and its 200-day moving average price is $108.98. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period last year, the firm posted $2.83 earnings per share. The company’s revenue was down 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Co. will post 9.36 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’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 completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

XOM has been the subject of several analyst reports. Truist Financial reiterated a “hold” rating and set a $124.00 price target (down previously from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Barclays initiated coverage on Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. Scotiabank increased their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. TD Cowen lifted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, Morgan Stanley reissued an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.