Exxon Mobil Co. (NYSE:XOM) Shares Sold by Philadelphia Trust Co.

Philadelphia Trust Co. lowered its position in Exxon Mobil Co. (NYSE:XOM) by 6.7% in the fourth quarter, Holdings Channel reports. The fund owned 54,459 shares of the oil and gas company’s stock after selling 3,908 shares during the period. Philadelphia Trust Co.’s holdings in Exxon Mobil were worth $5,445,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Money Concepts Capital Corp grew its stake in shares of Exxon Mobil by 3.1% during the third quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after purchasing an additional 95 shares in the last quarter. Auxier Asset Management boosted its position in shares of Exxon Mobil by 0.8% during the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock worth $1,524,000 after acquiring an additional 97 shares in the last quarter. Boltwood Capital Management increased its holdings in shares of Exxon Mobil by 0.4% in the 4th quarter. Boltwood Capital Management now owns 25,445 shares of the oil and gas company’s stock valued at $2,544,000 after acquiring an additional 98 shares during the last quarter. Blackhawk Capital Partners LLC. raised its position in shares of Exxon Mobil by 0.3% during the 3rd quarter. Blackhawk Capital Partners LLC. now owns 31,674 shares of the oil and gas company’s stock worth $3,724,000 after acquiring an additional 99 shares in the last quarter. Finally, Clear Investment Research LLC raised its position in shares of Exxon Mobil by 11.5% during the 3rd quarter. Clear Investment Research LLC now owns 972 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on XOM. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. TD Cowen lifted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Piper Sandler boosted their price target 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. Scotiabank raised their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Finally, Barclays initiated coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $135.00.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’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 sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction 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 $3,169,845. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of the company’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 sale, the vice president now directly 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 Stock Performance

XOM traded up $0.25 during trading on Tuesday, hitting $118.92. The stock had a trading volume of 2,649,364 shares, compared to its average volume of 18,366,418. The firm has a market capitalization of $468.90 billion, a P/E ratio of 14.58, a PEG ratio of 4.17 and a beta of 0.96. 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 twelve month low of $95.77 and a twelve month high of $123.75. The company’s 50-day moving average price is $117.28 and its 200 day moving average price is $107.64.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the prior year, the company earned $2.83 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Co. will post 9.57 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.20%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.