Capital Wealth Planning LLC Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Capital Wealth Planning LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 61.1% in the fourth quarter, Holdings Channel reports. The firm owned 6,510 shares of the oil and gas company’s stock after selling 10,241 shares during the period. Capital Wealth Planning LLC’s holdings in Exxon Mobil were worth $651,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Joule Financial LLC grew its position in Exxon Mobil by 25.9% in the third quarter. Joule Financial LLC now owns 4,662 shares of the oil and gas company’s stock worth $548,000 after acquiring an additional 960 shares in the last quarter. Gratus Capital LLC lifted its stake in Exxon Mobil by 40.1% in the third quarter. Gratus Capital LLC now owns 16,498 shares of the oil and gas company’s stock worth $1,940,000 after purchasing an additional 4,721 shares during the last quarter. SeaBridge Investment Advisors LLC lifted its stake in Exxon Mobil by 6.9% in the third quarter. SeaBridge Investment Advisors LLC now owns 10,053 shares of the oil and gas company’s stock worth $1,182,000 after purchasing an additional 645 shares during the last quarter. Traverso Chambers Private Wealth Management LLC raised its stake in shares of Exxon Mobil by 0.9% during the third quarter. Traverso Chambers Private Wealth Management LLC now owns 43,870 shares of the oil and gas company’s stock valued at $5,158,000 after acquiring an additional 396 shares during the last quarter. Finally, Strata Wealth Advisors LLC bought a new position in shares of Exxon Mobil during the third quarter valued at about $688,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on XOM. Piper Sandler upped their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. HSBC increased their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. TD Cowen increased 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. Mizuho increased their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Scotiabank increased their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The shares were 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 approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The shares were 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 approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,400 shares of the business’s 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 sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded up $1.09 on Friday, hitting $118.96. 5,751,133 shares of the company’s stock were exchanged, compared to its average volume of 18,503,828. The company has a 50-day simple moving average of $116.86 and a 200-day simple moving average of $107.45. The stock has a market capitalization of $469.06 billion, a PE ratio of 14.56, a PEG ratio of 4.13 and a beta of 0.96. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year 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.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share 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 analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.83 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 9.57 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 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.