InTrack Investment Management Inc Sells 2,295 Shares of Exxon Mobil Co. (NYSE:XOM)

InTrack Investment Management Inc decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 13.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,016 shares of the oil and gas company’s stock after selling 2,295 shares during the quarter. Exxon Mobil comprises about 1.3% of InTrack Investment Management Inc’s portfolio, making the stock its 15th largest holding. InTrack Investment Management Inc’s holdings in Exxon Mobil were worth $1,745,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Partnership Wealth Management LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at $46,000. Vima LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at $50,000. Keener Financial Planning LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at $80,000. Neo Ivy Capital Management purchased a new stake in Exxon Mobil during the fourth quarter valued at $80,000. Finally, Orion Capital Management LLC purchased a new stake in Exxon Mobil during the third quarter valued at $91,000. Institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. UBS Group increased their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Piper Sandler increased their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. HSBC increased their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, Truist Financial reissued a “hold” rating and issued a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $133.82.

Exxon Mobil Stock Up 0.6 %

Shares of Exxon Mobil stock opened at $114.81 on Thursday. 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 Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm’s 50-day moving average is $115.00 and its two-hundred day moving average is $109.91. The stock has a market cap of $452.70 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 4.14 and a beta of 0.91.

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). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter in the previous year, the company earned $2.83 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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