Hengehold Capital Management LLC Has $3.82 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Hengehold Capital Management LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,828 shares of the oil and gas company’s stock after selling 928 shares during the quarter. Hengehold Capital Management LLC’s holdings in Exxon Mobil were worth $3,816,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Buckley Wealth Management LLC grew its position in shares of Exxon Mobil by 11.1% during the 1st quarter. Buckley Wealth Management LLC now owns 103,786 shares of the oil and gas company’s stock worth $12,064,000 after buying an additional 10,354 shares during the period. Cypress Wealth Services LLC grew its position in shares of Exxon Mobil by 2.6% during the 1st quarter. Cypress Wealth Services LLC now owns 13,074 shares of the oil and gas company’s stock worth $1,520,000 after buying an additional 334 shares during the period. Transform Wealth LLC grew its position in shares of Exxon Mobil by 4.6% during the 1st quarter. Transform Wealth LLC now owns 129,244 shares of the oil and gas company’s stock worth $15,023,000 after buying an additional 5,625 shares during the period. Dohj LLC grew its position in shares of Exxon Mobil by 8.2% during the 1st quarter. Dohj LLC now owns 7,974 shares of the oil and gas company’s stock worth $927,000 after buying an additional 606 shares during the period. Finally, Tarbox Family Office Inc. grew its position in shares of Exxon Mobil by 4.1% during the 1st quarter. Tarbox Family Office Inc. now owns 7,060 shares of the oil and gas company’s stock worth $821,000 after buying an additional 276 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on XOM shares. TD Cowen lifted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Morgan Stanley reissued an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. UBS Group lifted their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research note on Tuesday. Scotiabank lifted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Finally, Truist Financial reissued a “hold” rating and set a $124.00 price objective (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $133.82.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

NYSE XOM opened at $115.11 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a market capitalization of $453.88 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 4.11 and a beta of 0.92. The firm’s 50 day moving average is $115.25 and its 200-day moving average is $109.57.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter last year, the business earned $2.83 earnings per share. Exxon Mobil’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 fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.30%. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.