Exxon Mobil Co. (NYSE:XOM) Shares Sold by Arlington Financial Advisors LLC

Arlington Financial Advisors LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 41.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,596 shares of the oil and gas company’s stock after selling 2,530 shares during the quarter. Arlington Financial Advisors LLC’s holdings in Exxon Mobil were worth $418,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Waterway Wealth Management LLC lifted its position in shares of Exxon Mobil by 41.3% in the first quarter. Waterway Wealth Management LLC now owns 14,393 shares of the oil and gas company’s stock valued at $1,673,000 after acquiring an additional 4,206 shares in the last quarter. Strata Wealth Advisors LLC raised its stake in Exxon Mobil by 110.3% in the 1st quarter. Strata Wealth Advisors LLC now owns 11,314 shares of the oil and gas company’s stock valued at $1,315,000 after purchasing an additional 5,933 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in Exxon Mobil by 0.9% in the 1st quarter. Fiduciary Alliance LLC now owns 14,763 shares of the oil and gas company’s stock valued at $1,727,000 after purchasing an additional 134 shares in the last quarter. Sandy Cove Advisors LLC boosted its stake in shares of Exxon Mobil by 39.7% during the 1st quarter. Sandy Cove Advisors LLC now owns 6,472 shares of the oil and gas company’s stock worth $752,000 after purchasing an additional 1,839 shares during the last quarter. Finally, D.B. Root & Company LLC grew its holdings in shares of Exxon Mobil by 5.9% during the first quarter. D.B. Root & Company LLC now owns 22,772 shares of the oil and gas company’s stock worth $2,647,000 after buying an additional 1,276 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

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 transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Down 0.1 %

NYSE XOM opened at $114.96 on Tuesday. 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 fifty-two week low of $95.77 and a fifty-two week high of $123.75. The business has a 50 day moving average price of $115.25 and a two-hundred day moving average price of $109.72. The stock has a market cap of $453.29 billion, a PE ratio of 14.09, a P/E/G ratio of 4.14 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its 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 net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter last year, the company posted $2.83 earnings per share. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 9.28 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of analyst reports. Barclays started coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. Scotiabank increased their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Morgan Stanley restated an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. 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 report on Thursday, April 18th. Finally, Truist Financial restated 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. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $133.82.

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.