Corrigan Financial Inc. Trims Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Corrigan Financial Inc. lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 16.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,198 shares of the oil and gas company’s stock after selling 1,755 shares during the quarter. Corrigan Financial Inc.’s holdings in Exxon Mobil were worth $1,069,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of XOM. Roberts Wealth Advisors LLC increased its holdings in Exxon Mobil by 1.0% during the 3rd quarter. Roberts Wealth Advisors LLC now owns 15,326 shares of the oil and gas company’s stock worth $1,685,000 after purchasing an additional 148 shares during the period. Argus Investors Counsel Inc. grew its position in shares of Exxon Mobil by 1.5% during the 3rd quarter. Argus Investors Counsel Inc. now owns 20,350 shares of the oil and gas company’s stock worth $2,393,000 after buying an additional 300 shares in the last quarter. Summit Financial Group Inc. increased its stake in shares of 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 buying an additional 4,002 shares during the period. S.E.E.D. Planning Group LLC raised its holdings in shares of Exxon Mobil by 90.0% in 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 acquiring an additional 2,023 shares in the last quarter. Finally, New Hampshire Trust lifted its stake in Exxon Mobil by 0.4% in the third quarter. New Hampshire Trust now owns 49,111 shares of the oil and gas company’s stock worth $5,774,000 after acquiring an additional 191 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, 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 is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on XOM shares. Scotiabank raised their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Truist Financial boosted their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Wells Fargo & Company increased their target price on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday. Piper Sandler lifted their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Finally, Barclays started coverage on Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $133.56.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded down $1.42 during mid-day trading on Tuesday, hitting $118.22. The stock had a trading volume of 21,079,912 shares, compared to its average volume of 18,238,875. The company has a 50 day moving average of $113.96 and a two-hundred day moving average of $106.79. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm has a market cap of $467.95 billion, a PE ratio of 14.49, a PEG ratio of 4.05 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.83 earnings per share. Research analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business 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 of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.21%. Exxon Mobil’s dividend payout ratio 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.