Solitude Financial Services Decreases Holdings in Exxon Mobil Co. (NYSE:XOM)

Solitude Financial Services reduced its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 42.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 14,654 shares of the oil and gas company’s stock after selling 10,982 shares during the period. Exxon Mobil accounts for about 0.8% of Solitude Financial Services’ holdings, making the stock its 21st biggest holding. Solitude Financial Services’ holdings in Exxon Mobil were worth $1,210,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Guardian Wealth Management Inc. purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at about $30,000. Horan Securities Inc. purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at about $31,000. West Bancorporation Inc. purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at about $32,000. Nvwm LLC lifted its holdings in shares of Exxon Mobil by 100.0% in the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 300 shares during the last quarter. Finally, Core Wealth Advisors Inc. lifted its holdings in shares of Exxon Mobil by 454.5% in the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 500 shares during the last quarter. 54.07% of the stock is owned by institutional investors and hedge funds.

In related news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the sale, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now directly owns 32,510 shares in the company, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.

XOM opened at $87.86 on Thursday. The stock has a market cap of $370.11 billion, a P/E ratio of 14.57, a P/E/G ratio of 0.35 and a beta of 1.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76. The stock’s 50 day simple moving average is $91.53 and its 200 day simple moving average is $80.64. Exxon Mobil Co. has a 1-year low of $52.10 and a 1-year high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The firm had revenue of $90.50 billion during the quarter, compared to analyst estimates of $83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The business’s revenue was up 53.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. Research analysts expect that Exxon Mobil Co. will post 10.26 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Thursday, May 12th. Exxon Mobil’s dividend payout ratio is currently 58.37%.

Several analysts have recently weighed in on the company. Credit Suisse Group raised Exxon Mobil from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $115.00 to $125.00 in a report on Tuesday. Cowen boosted their price target on Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. BMO Capital Markets boosted their price target on Exxon Mobil from $73.00 to $86.00 and gave the company a “hold” rating in a research report on Thursday, March 3rd. Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their price target on Exxon Mobil from $103.00 to $107.00 and gave the company an “overweight” rating in a research report on Monday, June 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $89.24.

About Exxon Mobil (Get Rating)

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; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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