Cary Street Partners Investment Advisory LLC Lowers Stock Position in Exxon Mobil Co. (NYSE:XOM)

Cary Street Partners Investment Advisory LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 89.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,047 shares of the oil and gas company’s stock after selling 105,238 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Exxon Mobil were worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in XOM. Keener Financial Planning LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at approximately $80,000. Orion Capital Management LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $91,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $92,000. TFO Wealth Partners LLC boosted its stake in shares of Exxon Mobil by 118.5% during the 3rd quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 525 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. boosted its stake in shares of Exxon Mobil by 851.6% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after acquiring an additional 792 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of several research analyst reports. Truist Financial boosted their price target on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. HSBC lifted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday. Piper Sandler lifted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Finally, UBS Group lifted their price objective on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $133.56.

Exxon Mobil Stock Down 0.6 %

Exxon Mobil stock traded down $0.67 during trading on Tuesday, reaching $118.97. 9,305,919 shares of the company’s stock were exchanged, compared to its average volume of 18,087,303. The company’s 50-day moving average is $113.65 and its two-hundred day moving average is $106.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The firm has a market cap of $470.91 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 4.05 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period last year, the company posted $2.83 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.19%. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Buying and Selling at Exxon Mobil

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

Exxon Mobil 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.