Southern Capital Advisors LLC Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

Southern Capital Advisors LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 7.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 4,896 shares of the oil and gas company’s stock after selling 381 shares during the quarter. Southern Capital Advisors LLC’s holdings in Exxon Mobil were worth $569,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XOM. First Pacific Financial purchased a new stake in Exxon Mobil during the first quarter valued at about $34,000. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at about $46,000. Vima LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at about $50,000. Keener Financial Planning LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at about $80,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Exxon Mobil during the fourth quarter valued at about $80,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several analyst reports. Scotiabank upped their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Wells Fargo & Company upped their price target on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Morgan Stanley restated an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research report on Tuesday. Finally, Truist Financial restated a “hold” rating and issued a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

Exxon Mobil Trading Up 0.8 %

Shares of NYSE:XOM traded up $0.90 during trading on Thursday, reaching $112.82. 3,637,916 shares of the company traded hands, compared to its average volume of 17,889,064. The firm has a market capitalization of $444.85 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 4.07 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average is $114.28 and its 200-day moving average is $110.32.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company posted $2.83 EPS. As a group, analysts forecast that Exxon Mobil Co. will post 9.18 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) 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.