Oak Asset Management LLC Sells 155 Shares of Exxon Mobil Co. (NYSE:XOM)

Oak Asset Management LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,854 shares of the oil and gas company’s stock after selling 155 shares during the period. Oak Asset Management LLC’s holdings in Exxon Mobil were worth $1,959,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of XOM. Partnership Wealth Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at $46,000. Vima LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth about $50,000. Keener Financial Planning LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth about $80,000. Neo Ivy Capital Management bought a new position in shares of Exxon Mobil during the 4th quarter worth about $80,000. Finally, Orion Capital Management LLC bought a new position in shares of Exxon Mobil during the 3rd quarter worth about $91,000. 61.80% of the stock is owned by institutional investors.

Insider Transactions at Exxon Mobil

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

Exxon Mobil Trading Down 0.1 %

XOM opened at $114.96 on Tuesday. 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 stock has a market capitalization of $453.29 billion, a PE ratio of 14.09, a PEG ratio of 4.14 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The firm has a 50-day moving average price of $115.25 and a two-hundred day moving average price of $109.72.

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 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 company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the previous year, the business posted $2.83 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared 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 3.31%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is 46.57%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays assumed coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective for the company. UBS Group raised their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Truist Financial reaffirmed a “hold” rating and set a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Mizuho raised their price objective 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. Finally, Scotiabank lifted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. 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 has an average rating of “Moderate Buy” and an average target price 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.