Exxon Mobil Co. (NYSE:XOM) Shares Sold by Roble Belko & Company Inc

Roble Belko & Company Inc lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,217 shares of the oil and gas company’s stock after selling 100 shares during the quarter. Roble Belko & Company Inc’s holdings in Exxon Mobil were worth $522,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Larson Financial Group LLC boosted its position in shares of Exxon Mobil by 2.3% in the fourth quarter. Larson Financial Group LLC now owns 7,961 shares of the oil and gas company’s stock worth $796,000 after acquiring an additional 180 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Exxon Mobil by 2.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 473,202 shares of the oil and gas company’s stock valued at $47,311,000 after purchasing an additional 9,750 shares during the last quarter. PDS Planning Inc grew its stake in shares of Exxon Mobil by 17.1% during the 4th quarter. PDS Planning Inc now owns 20,841 shares of the oil and gas company’s stock valued at $2,084,000 after buying an additional 3,049 shares during the period. 1900 Wealth Management LLC increased its holdings in shares of Exxon Mobil by 0.4% during the 4th quarter. 1900 Wealth Management LLC now owns 29,332 shares of the oil and gas company’s stock worth $2,933,000 after buying an additional 117 shares during the last quarter. Finally, Cornell University purchased a new position in shares of Exxon Mobil in the 4th quarter worth $79,984,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on XOM shares. Truist Financial boosted their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Mizuho reissued a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. UBS Group lifted their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Barclays assumed coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Finally, Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $121.05 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The business has a 50 day moving average price of $112.29 and a two-hundred day moving average price of $106.41. The firm has a market cap of $479.15 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 4.14 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.40 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

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.