Exxon Mobil Co. (NYSE:XOM) Shares Sold by Selway Asset Management

Selway Asset Management lowered its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 84.2% during the third quarter, Holdings Channel reports. The fund owned 600 shares of the oil and gas company’s stock after selling 3,200 shares during the quarter. Selway Asset Management’s holdings in Exxon Mobil were worth $52,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Karp Capital Management Corp acquired a new stake in Exxon Mobil in the 3rd quarter worth about $28,000. Horizons Wealth Management acquired a new stake in Exxon Mobil in the 2nd quarter worth about $41,000. Mine & Arao Wealth Creation & Management LLC. raised its holdings in shares of Exxon Mobil by 61.7% in the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 169 shares during the period. Orion Capital Management LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter worth about $44,000. Finally, Rock Creek Group LP purchased a new position in shares of Exxon Mobil in the 2nd quarter worth about $49,000. 57.49% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.9 %

NYSE:XOM opened at $113.81 on Wednesday. Exxon Mobil Co. has a 12-month low of $71.39 and a 12-month high of $126.54. The firm has a market capitalization of $468.70 billion, a P/E ratio of 9.29, a P/E/G ratio of 0.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.02. The business has a 50 day simple moving average of $109.54 and a 200 day simple moving average of $101.20.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings data on Friday, October 28th. The oil and gas company reported $4.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.57. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The business had revenue of $112.07 billion during the quarter, compared to analyst estimates of $102.96 billion. During the same quarter in the previous year, the firm posted $1.58 EPS. The business’s revenue for the quarter was up 51.9% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Co. will post 13.92 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were given a dividend of $0.91 per share. The ex-dividend date was Monday, November 14th. This represents a $3.64 dividend on an annualized basis and a yield of 3.20%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s payout ratio is currently 29.71%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $105.00, for a total transaction of $262,500.00. Following the completion of the transaction, the vice president now owns 34,272 shares in the company, valued at approximately $3,598,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research reports. BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price objective on the stock in a report on Tuesday, November 1st. Piper Sandler cut their price objective on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. Jefferies Financial Group upgraded Exxon Mobil from a “hold” rating to a “buy” rating and raised their target price for the company from $90.00 to $133.00 in a report on Wednesday, October 19th. Credit Suisse Group raised their target price on Exxon Mobil to $130.00 in a report on Tuesday, November 1st. Finally, Truist Financial raised their target price on Exxon Mobil from $111.00 to $114.00 in a report on Monday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $114.35.

About Exxon Mobil

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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

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