Exxon Mobil Co. (NYSE:XOM) Shares Sold by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.5% during the 4th quarter, HoldingsChannel reports. The fund owned 9,208 shares of the oil and gas company’s stock after selling 144 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in Exxon Mobil were worth $991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on XOM shares. Barclays reduced their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Mizuho lowered their price target on Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Piper Sandler reduced their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Wells Fargo & Company decreased their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $126.75.

Exxon Mobil Stock Down 0.3 %

Shares of Exxon Mobil stock opened at $103.08 on Wednesday. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a market capitalization of $445.85 billion, a P/E ratio of 13.15, a PEG ratio of 3.02 and a beta of 0.61. The business’s fifty day moving average price is $110.10 and its two-hundred day moving average price is $113.03. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the firm earned $2.48 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

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.