Capital Management Corp VA Acquires 135 Shares of Exxon Mobil Co. (NYSE:XOM)

Capital Management Corp VA raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,159 shares of the oil and gas company’s stock after purchasing an additional 135 shares during the quarter. Capital Management Corp VA’s holdings in Exxon Mobil were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil in the first quarter worth $25,000. First Pacific Financial purchased a new stake in shares of Exxon Mobil in the first quarter valued at $34,000. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $46,000. Vima LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth about $50,000. Finally, Keener Financial Planning LLC bought a new position in Exxon Mobil during the 4th quarter valued at about $80,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In other Exxon Mobil 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 value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Down 2.3 %

NYSE XOM traded down $2.73 during midday trading on Friday, hitting $116.07. 16,157,707 shares of the company traded hands, compared to its average volume of 15,032,544. The company has a market cap of $457.67 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 4.47 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company’s 50-day simple moving average is $114.13 and its 200-day simple moving average is $111.04.

Exxon Mobil (NYSE:XOM) last issued 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 the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.83 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Mizuho boosted their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Wolfe Research started coverage on Exxon Mobil in a report on Thursday. They set an “outperform” rating and a $146.00 price objective for the company. Sanford C. Bernstein reduced their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday. HSBC boosted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $124.00 price target (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.94.

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.