Courier Capital LLC Sells 2,610 Shares of Exxon Mobil Co. (NYSE:XOM)

Courier Capital LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,336 shares of the oil and gas company’s stock after selling 2,610 shares during the quarter. Courier Capital LLC’s holdings in Exxon Mobil were worth $10,384,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XOM. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $46,000. Vima LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $50,000. Keener Financial Planning LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $80,000. Neo Ivy Capital Management acquired a new position in Exxon Mobil in the fourth quarter valued at about $80,000. Finally, Orion Capital Management LLC acquired a new position in Exxon Mobil in the third quarter valued at about $91,000. Institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed 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

A number of research analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Mizuho boosted their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Barclays started coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Truist Financial reissued a “hold” rating and set a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Finally, TD Cowen boosted their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $133.82.

Exxon Mobil Stock Performance

NYSE:XOM opened at $115.11 on Friday. The stock has a market cap of $453.88 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 4.13 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 stock’s 50-day moving average is $115.25 and its 200-day moving average is $109.57. 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 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). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter last year, the firm posted $2.83 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 9.28 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 3.30%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is presently 46.57%.

About Exxon Mobil

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.