Quent Capital LLC Sells 252 Shares of Exxon Mobil Co. (NYSE:XOM)

Quent Capital LLC reduced its stake in Exxon Mobil Co. (NYSE:XOMFree Report) by 2.0% during the 1st quarter, HoldingsChannel reports. The firm owned 12,382 shares of the oil and gas company’s stock after selling 252 shares during the quarter. Quent Capital LLC’s holdings in Exxon Mobil were worth $1,439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of XOM. First Pacific Financial acquired a new position in Exxon Mobil during the 1st quarter worth $34,000. Partnership Wealth Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth $46,000. Vima LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $50,000. Redmont Wealth Advisors LLC bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $88,000. Finally, Christopher J. Hasenberg Inc bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $91,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $111.10 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $438.07 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 4.10 and a beta of 0.91. The firm’s fifty day simple moving average is $114.51 and its two-hundred day simple moving average is $110.25. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the prior year, the company earned $2.83 EPS. The company’s revenue was down 4.0% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Co. will post 9.18 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XOM. Piper Sandler upped their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Truist Financial reiterated a “hold” rating and set a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Mizuho upped their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research report on Tuesday. Finally, Scotiabank upped their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.71.

Read Our Latest Stock Report on Exxon Mobil

Exxon Mobil Company Profile

(Free Report)

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

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