Asio Capital LLC Sells 3,316 Shares of Exxon Mobil Co. (NYSE:XOM)

Asio Capital LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,312 shares of the oil and gas company’s stock after selling 3,316 shares during the quarter. Asio Capital LLC’s holdings in Exxon Mobil were worth $3,291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Stillwater Capital Advisors LLC grew its stake in shares of Exxon Mobil by 0.4% in the first quarter. Stillwater Capital Advisors LLC now owns 147,766 shares of the oil and gas company’s stock valued at $17,176,000 after acquiring an additional 567 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in Exxon Mobil by 0.3% during the first quarter. Harbour Capital Advisors LLC now owns 51,262 shares of the oil and gas company’s stock worth $6,115,000 after buying an additional 148 shares in the last quarter. DeDora Capital Inc. grew its stake in Exxon Mobil by 9.6% during the first quarter. DeDora Capital Inc. now owns 2,584 shares of the oil and gas company’s stock worth $300,000 after buying an additional 226 shares in the last quarter. Norwood Financial Corp grew its stake in Exxon Mobil by 17.8% during the first quarter. Norwood Financial Corp now owns 4,106 shares of the oil and gas company’s stock worth $477,000 after buying an additional 620 shares in the last quarter. Finally, Atlantic Union Bankshares Corp grew its stake in Exxon Mobil by 2.8% during the first quarter. Atlantic Union Bankshares Corp now owns 79,879 shares of the oil and gas company’s stock worth $9,285,000 after buying an additional 2,160 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In other 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 sale, the vice president now 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 this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $115.12 on Friday. The company has a market capitalization of $453.92 billion, a PE ratio of 14.11, a P/E/G ratio of 4.13 and a beta of 0.92. The company has a 50 day simple moving average of $115.25 and a two-hundred day simple moving average of $109.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. 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 announced its quarterly earnings data 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). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned $2.83 EPS. 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 disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.30%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analysts Set New Price Targets

A number of brokerages have issued reports on XOM. Piper Sandler increased their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Morgan Stanley reiterated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. HSBC increased their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Scotiabank increased their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Finally, Mizuho increased their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $133.82.

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.