Park Square Financial Group LLC Reduces Holdings in Exxon Mobil Corporation $XOM

Park Square Financial Group LLC reduced its stake in Exxon Mobil Corporation (NYSE:XOM) by 94.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 330 shares of the oil and gas company’s stock after selling 5,168 shares during the quarter. Park Square Financial Group LLC’s holdings in Exxon Mobil were worth $37,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Ipsen Advisor Group LLC lifted its stake in shares of Exxon Mobil by 1.6% during the third quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock worth $637,000 after buying an additional 88 shares during the period. Nexus Investment Management ULC increased its position in shares of Exxon Mobil by 1.6% in the 3rd quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock valued at $653,000 after acquiring an additional 89 shares during the period. Sagace Wealth Management LLC raised its stake in Exxon Mobil by 2.7% in the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after acquiring an additional 90 shares during the last quarter. Creative Capital Management Investments LLC lifted its position in Exxon Mobil by 2.5% during the 3rd quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after acquiring an additional 91 shares during the period. Finally, Capstone Wealth Management LLC lifted its position in Exxon Mobil by 3.8% during the 3rd quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock worth $285,000 after acquiring an additional 92 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, February 2nd. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. Zacks Research raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Piper Sandler dropped their price objective on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $155.00 price objective on shares of Exxon Mobil in a research note on Wednesday, February 4th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $140.59.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 14,230 shares of company stock valued at $1,888,421. 0.03% of the stock is owned by insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $152.55 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The firm’s 50 day simple moving average is $135.64 and its 200-day simple moving average is $121.77. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $156.93. The stock has a market capitalization of $635.62 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 15.82 and a beta of 0.35.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same period in the prior year, the firm posted $1.67 earnings per share. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. Analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be given a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. Exxon Mobil’s dividend payout ratio (DPR) is 61.58%.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.