Maripau Wealth Management LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 12.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,165 shares of the oil and gas company’s stock after selling 319 shares during the quarter. Maripau Wealth Management LLC’s holdings in Exxon Mobil were worth $237,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in XOM. Stone House Investment Management LLC bought a new position in Exxon Mobil in the first quarter worth about $25,000. Dark Forest Capital Management LP acquired a new position in shares of Exxon Mobil during the fourth quarter worth $27,000. KB Financial Partners LLC purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at $27,000. Corrado Advisors LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth $28,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new position in Exxon Mobil during the 4th quarter worth $36,000. 58.53% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Piper Sandler lowered their price target on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Mizuho raised their price target on shares of Exxon Mobil from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, August 16th. StockNews.com assumed coverage on shares of Exxon Mobil in a report on Thursday, August 17th. They set a “hold” rating on the stock. UBS Group increased their price target on shares of Exxon Mobil from $135.00 to $139.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, Redburn Partners upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $100.00 to $105.00 in a research note on Thursday, August 31st. Eleven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.43.
Exxon Mobil Stock Performance
Shares of XOM stock opened at $116.44 on Thursday. The company has a market capitalization of $466.13 billion, a P/E ratio of 9.32, a P/E/G ratio of 0.60 and a beta of 1.08. Exxon Mobil Co. has a 12-month low of $83.89 and a 12-month high of $119.92. The business’s 50 day moving average is $107.87 and its two-hundred day moving average is $108.34. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). The business had revenue of $82.91 billion for the quarter, compared to analysts’ expectations of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The company’s quarterly revenue was down 28.3% on a year-over-year basis. During the same quarter last year, the business earned $4.14 EPS. Analysts expect that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were given a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.13%. Exxon Mobil’s dividend payout ratio (DPR) is 29.12%.
Insider Transactions at Exxon Mobil
In related news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the transaction, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Jeffrey W. Ubben purchased 458,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the transaction, the director now owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the transaction, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.
Exxon Mobil Company 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.
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