Noesis Capital Mangement Corp Sells 3,550 Shares of Exxon Mobil Co. (NYSE:XOM)

Noesis Capital Mangement Corp lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 26.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,838 shares of the oil and gas company’s stock after selling 3,550 shares during the quarter. Noesis Capital Mangement Corp’s holdings in Exxon Mobil were worth $984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC boosted its position in Exxon Mobil by 10.7% during the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 199 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Exxon Mobil by 83.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after buying an additional 575,649 shares during the period. Qsemble Capital Management LP grew its stake in Exxon Mobil by 34.3% in the 3rd quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after buying an additional 1,200 shares in the last quarter. RNC Capital Management LLC raised its holdings in Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after acquiring an additional 4,585 shares during the period. Finally, Dupree Financial Group LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth $378,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $0.24 during trading on Friday, hitting $116.00. 28,023,313 shares of the stock traded hands, compared to its average volume of 18,518,412. The firm’s fifty day moving average is $114.65 and its 200-day moving average is $106.96. The stock has a market cap of $457.39 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 4.03 and a beta of 0.96. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. 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 (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. 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 business earned $2.83 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. Research analysts expect that Exxon Mobil Co. will post 9.61 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.28%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on XOM shares. Scotiabank boosted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Truist Financial upped their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Barclays assumed coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Finally, Mizuho reiterated a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research note on Thursday, April 4th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.06.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated 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 owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was 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 of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

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.