Carlton Hofferkamp & Jenks Wealth Management LLC lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,152 shares of the oil and gas company’s stock after selling 2,128 shares during the quarter. Exxon Mobil makes up 3.0% of Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings, making the stock its 6th largest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Exxon Mobil were worth $6,778,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Monterey Private Wealth Inc. acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $691,000. Perigon Wealth Management LLC increased its stake in shares of Exxon Mobil by 16.1% during the fourth quarter. Perigon Wealth Management LLC now owns 42,405 shares of the oil and gas company’s stock worth $1,748,000 after buying an additional 5,885 shares during the period. SevenBridge Financial Group LLC increased its stake in shares of Exxon Mobil by 48.2% during the fourth quarter. SevenBridge Financial Group LLC now owns 28,536 shares of the oil and gas company’s stock worth $1,176,000 after buying an additional 9,281 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in shares of Exxon Mobil by 3.6% during the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 62,522 shares of the oil and gas company’s stock worth $3,491,000 after buying an additional 2,156 shares during the period. Finally, HighMark Wealth Management LLC boosted its holdings in Exxon Mobil by 34.3% in the fourth quarter. HighMark Wealth Management LLC now owns 4,156 shares of the oil and gas company’s stock valued at $171,000 after purchasing an additional 1,061 shares in the last quarter. 50.90% of the stock is owned by institutional investors and hedge funds.
NYSE:XOM traded up $0.13 during mid-day trading on Tuesday, hitting $58.95. The stock had a trading volume of 616,662 shares, compared to its average volume of 29,012,047. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93. Exxon Mobil Co. has a twelve month low of $31.11 and a twelve month high of $62.55. The company’s 50 day simple moving average is $56.85 and its 200 day simple moving average is $47.38. The stock has a market cap of $249.57 billion, a price-to-earnings ratio of 35.01 and a beta of 1.31.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The company had revenue of $59.15 billion for the quarter, compared to analyst estimates of $55.36 billion. During the same period in the previous year, the firm posted ($0.14) EPS. The firm’s revenue was up 5.3% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post -0.52 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Thursday, May 13th will be paid a $0.87 dividend. The ex-dividend date is Wednesday, May 12th. This represents a $3.48 dividend on an annualized basis and a yield of 5.90%. Exxon Mobil’s dividend payout ratio is 154.67%.
In other news, Director Michael J. Angelakis purchased 25,000 shares of the firm’s stock in a transaction dated Monday, March 1st. The shares were purchased at an average price of $57.16 per share, with a total value of $1,429,000.00. Following the completion of the acquisition, the director now owns 8,000 shares in the company, valued at approximately $457,280. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.05% of the stock is owned by insiders.
A number of equities analysts recently issued reports on the company. Truist upped their price target on Exxon Mobil from $60.00 to $64.00 in a report on Monday. Wells Fargo & Company increased their price objective on Exxon Mobil from $53.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, March 2nd. BNP Paribas raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $45.50 price objective for the company in a report on Monday, February 8th. Exane BNP Paribas raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $45.50 price objective for the company in a report on Monday, February 8th. Finally, Royal Bank of Canada set a $60.00 price objective on Exxon Mobil and gave the company a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $55.81.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.