BI Asset Management Fondsmaeglerselskab A S Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

BI Asset Management Fondsmaeglerselskab A S reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 43.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 86,252 shares of the oil and gas company’s stock after selling 66,798 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Exxon Mobil were worth $10,026,000 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. Boomfish Wealth Group LLC boosted its holdings in Exxon Mobil by 1.2% in the first quarter. Boomfish Wealth Group LLC now owns 12,935 shares of the oil and gas company’s stock valued at $1,504,000 after purchasing an additional 152 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Exxon Mobil by 18.0% during the 1st quarter. Proficio Capital Partners LLC now owns 14,947 shares of the oil and gas company’s stock valued at $1,737,000 after buying an additional 2,275 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. boosted its stake in shares of Exxon Mobil by 12.8% during the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 3,595 shares of the oil and gas company’s stock valued at $418,000 after buying an additional 407 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Exxon Mobil during the first quarter worth approximately $5,314,000. Finally, Smith Salley Wealth Management increased its stake in shares of Exxon Mobil by 7.6% in the first quarter. Smith Salley Wealth Management now owns 54,268 shares of the oil and gas company’s stock worth $6,308,000 after buying an additional 3,847 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on XOM. Wells Fargo & Company upped their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. UBS Group increased their target price on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Barclays dropped their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday. Truist Financial reiterated a “hold” rating and set a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Finally, TD Cowen lifted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Trading Up 0.4 %

Shares of NYSE:XOM traded up $0.42 during midday trading on Wednesday, reaching $111.36. The company had a trading volume of 2,805,713 shares, compared to its average volume of 17,944,160. The company has a fifty day simple moving average of $114.36 and a two-hundred day simple moving average of $110.31. The firm has a market cap of $439.09 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 4.07 and a beta of 0.91. 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 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). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the prior year, the company earned $2.83 EPS. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. Research analysts predict that Exxon Mobil Co. will post 9.18 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

About Exxon Mobil

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.