Exxon Mobil Co. (NYSE:XOM) Shares Sold by LifePro Asset Management

LifePro Asset Management cut its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 15.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 11,446 shares of the oil and gas company’s stock after selling 2,140 shares during the period. LifePro Asset Management’s holdings in Exxon Mobil were worth $945,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Guardian Wealth Management Inc. acquired a new position in Exxon Mobil during the 4th quarter worth approximately $30,000. Horan Securities Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $31,000. West Bancorporation Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $32,000. Nvwm LLC raised its position in shares of Exxon Mobil by 100.0% in the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 300 shares in the last quarter. Finally, Core Wealth Advisors Inc. raised its position in shares of Exxon Mobil by 454.5% in the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 500 shares in the last quarter. 54.07% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.4 %

NYSE:XOM opened at $88.45 on Friday. Exxon Mobil Co. has a 1 year low of $52.10 and a 1 year high of $105.57. The stock has a market cap of $372.60 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.31 and a beta of 1.09. The business has a fifty day moving average of $90.93 and a 200-day moving average of $85.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The company had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. During the same quarter in the prior year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was up 70.8% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Co. will post 12.35 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 annualized dividend and a dividend yield of 3.98%. Exxon Mobil’s payout ratio is 38.51%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays upped their target price on Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Piper Sandler raised Exxon Mobil from a “neutral” rating to an “overweight” rating and upped their target price for the company from $102.00 to $109.00 in a research report on Tuesday, July 19th. The Goldman Sachs Group upped their target price on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Citigroup boosted their price target on Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, May 19th. Finally, Morgan Stanley lowered their price target on Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $96.40.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now owns 27,863 shares in the company, valued at $2,635,839.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now owns 27,863 shares in the company, valued at $2,635,839.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,147 shares of company stock valued at $698,858. 0.04% of the stock is currently owned by corporate insiders.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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