Exxon Mobil Co. (NYSE:XOM) Stock Holdings Decreased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,017 shares of the oil and gas company’s stock after selling 8,921 shares during the period. Exxon Mobil comprises approximately 0.8% of Transcend Capital Advisors LLC’s holdings, making the stock its 25th largest position. Transcend Capital Advisors LLC’s holdings in Exxon Mobil were worth $9,000,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in XOM. Roberts Wealth Advisors LLC grew its position in Exxon Mobil by 1.0% during the third quarter. Roberts Wealth Advisors LLC now owns 15,326 shares of the oil and gas company’s stock valued at $1,685,000 after purchasing an additional 148 shares in the last quarter. Argus Investors Counsel Inc. grew its position in Exxon Mobil by 1.5% during the third quarter. Argus Investors Counsel Inc. now owns 20,350 shares of the oil and gas company’s stock valued at $2,393,000 after purchasing an additional 300 shares in the last quarter. Summit Financial Group Inc. grew its position in Exxon Mobil by 8.8% during the third quarter. Summit Financial Group Inc. now owns 49,361 shares of the oil and gas company’s stock valued at $5,804,000 after purchasing an additional 4,002 shares in the last quarter. S.E.E.D. Planning Group LLC grew its position in Exxon Mobil by 90.0% during the third quarter. S.E.E.D. Planning Group LLC now owns 4,271 shares of the oil and gas company’s stock valued at $502,000 after purchasing an additional 2,023 shares in the last quarter. Finally, New Hampshire Trust grew its position in Exxon Mobil by 0.4% during the third quarter. New Hampshire Trust now owns 49,111 shares of the oil and gas company’s stock valued at $5,774,000 after purchasing an additional 191 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred 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 sale, 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 document filed with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Down 2.8 %

Shares of NYSE:XOM traded down $3.37 during mid-day trading on Friday, reaching $117.96. The stock had a trading volume of 27,289,468 shares, compared to its average volume of 16,002,832. The firm has a market cap of $466.92 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96. The firm has a 50 day simple moving average of $113.33 and a two-hundred day simple moving average of $106.64. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75.

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). The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.83 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors 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 dividend yield of 3.22%. Exxon Mobil’s dividend payout ratio is 46.57%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on XOM. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. UBS Group upped their target price on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Barclays assumed coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, Truist Financial upped their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $132.28.

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.