Barry Investment Advisors LLC Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Barry Investment Advisors LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,789 shares of the oil and gas company’s stock after selling 308 shares during the period. Barry Investment Advisors LLC’s holdings in Exxon Mobil were worth $789,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Partnership Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter valued at $46,000. Vima LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $50,000. Orion Capital Management LLC bought a new stake in Exxon Mobil during the third quarter valued at about $91,000. Keener Financial Planning LLC bought a new position in Exxon Mobil in the fourth quarter worth about $80,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at about $80,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on XOM. Piper Sandler boosted 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. Mizuho raised their price objective on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. UBS Group upped their target price on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Barclays started coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Finally, Truist Financial reaffirmed a “hold” rating and issued a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $133.82.

Exxon Mobil Stock Down 0.1 %

NYSE:XOM opened at $114.96 on Tuesday. The firm has a market capitalization of $453.29 billion, a P/E ratio of 14.09, a PEG ratio of 4.14 and a beta of 0.91. The company’s fifty day moving average price is $115.25 and its 200-day moving average price is $109.72. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last announced 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). 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%. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.83 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 9.28 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is presently 46.57%.

Insiders Place Their Bets

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 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 approximately $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

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.