Coston McIsaac & Partners Has $2.77 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Coston McIsaac & Partners lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 23,873 shares of the oil and gas company’s stock after selling 208 shares during the quarter. Coston McIsaac & Partners’ holdings in Exxon Mobil were worth $2,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Partnership Wealth Management LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $46,000. Vima LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $50,000. Orion Capital Management LLC bought a new position in shares of Exxon Mobil in the 3rd quarter worth $91,000. Keener Financial Planning LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $80,000. Finally, Neo Ivy Capital Management bought a new position in shares of Exxon Mobil in the 4th quarter worth $80,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on 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. Truist Financial reiterated a “hold” rating and issued a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Wells Fargo & Company raised their price objective on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Morgan Stanley restated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Finally, Barclays assumed coverage on Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.82.

Insiders Place Their Bets

In other Exxon Mobil 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 completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Up 0.2 %

Shares of NYSE XOM opened at $115.12 on Monday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. 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 has a market capitalization of $453.92 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 4.14 and a beta of 0.92. The business has a 50-day moving average of $115.25 and a 200-day moving average of $109.72.

Exxon Mobil (NYSE:XOM) last issued its earnings results 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 firm 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 quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.83 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Exxon Mobil 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.