Paragon Capital Management Ltd Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

Paragon Capital Management Ltd trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,874 shares of the oil and gas company’s stock after selling 104 shares during the quarter. Paragon Capital Management Ltd’s holdings in Exxon Mobil were worth $416,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Your Advocates Ltd. LLP increased its stake in Exxon Mobil by 0.7% in the first quarter. Your Advocates Ltd. LLP now owns 12,178 shares of the oil and gas company’s stock valued at $1,335,000 after purchasing an additional 86 shares during the period. Murphy Middleton Hinkle & Parker Inc. increased its stake in Exxon Mobil by 0.8% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company’s stock valued at $1,237,000 after purchasing an additional 87 shares during the period. Revolve Wealth Partners LLC increased its stake in Exxon Mobil by 1.4% in the first quarter. Revolve Wealth Partners LLC now owns 6,555 shares of the oil and gas company’s stock valued at $719,000 after purchasing an additional 92 shares during the period. Rosenberg Matthew Hamilton increased its stake in Exxon Mobil by 1.2% in the first quarter. Rosenberg Matthew Hamilton now owns 8,259 shares of the oil and gas company’s stock valued at $906,000 after purchasing an additional 95 shares during the period. Finally, Darwin Wealth Management LLC increased its stake in Exxon Mobil by 2.3% in the first quarter. Darwin Wealth Management LLC now owns 4,283 shares of the oil and gas company’s stock valued at $491,000 after purchasing an additional 95 shares during the period. 58.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $3,193,780. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related 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 price of $106.93 per share, with a total value 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 approximately $174,830,550. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Up 0.8 %

Shares of NYSE XOM opened at $117.69 on Tuesday. Exxon Mobil Co. has a 12-month low of $83.89 and a 12-month high of $119.92. The company has a market capitalization of $471.14 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm’s 50-day moving average is $108.65 and its two-hundred day moving average is $108.49.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.06). The business had revenue of $82.91 billion during 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 firm’s revenue for the quarter was down 28.3% on a year-over-year basis. During the same period last year, the company earned $4.14 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio is presently 29.12%.

Analysts Set New Price Targets

A number of research firms have commented on XOM. StockNews.com assumed coverage on shares of Exxon Mobil in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. UBS Group boosted their price target on shares of Exxon Mobil from $135.00 to $139.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Truist Financial dropped their price target on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, July 24th. Wolfe Research lowered shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. Finally, Redburn Partners upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $100.00 to $105.00 in a research note on Thursday, August 31st. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.78.

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.