Crescent Sterling Ltd. Purchases 3,744 Shares of Exxon Mobil Co. (NYSE:XOM)

Crescent Sterling Ltd. raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 17.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,648 shares of the oil and gas company’s stock after acquiring an additional 3,744 shares during the period. Exxon Mobil makes up approximately 2.7% of Crescent Sterling Ltd.’s investment portfolio, making the stock its 13th largest position. Crescent Sterling Ltd.’s holdings in Exxon Mobil were worth $2,981,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC boosted its stake in shares of Exxon Mobil by 10.7% in the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after buying an additional 199 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Exxon Mobil by 83.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock valued at $149,213,000 after buying an additional 575,649 shares during the period. Qsemble Capital Management LP boosted its stake in shares of Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after buying an additional 1,200 shares during the period. RNC Capital Management LLC boosted its stake in shares of Exxon Mobil by 5.5% in the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after buying an additional 4,585 shares during the period. Finally, Dupree Financial Group LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $378,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.2 %

NYSE XOM traded down $1.42 on Tuesday, reaching $118.22. The company had a trading volume of 21,079,912 shares, compared to its average volume of 18,238,875. The firm has a market cap of $467.95 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 4.05 and a beta of 0.96. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The business has a 50 day moving average of $113.96 and a two-hundred day moving average of $106.79. 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 (NYSE:XOM) last posted 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 during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.83 earnings per share. Analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.21%. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on XOM shares. Barclays started coverage on Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Truist Financial upped their target price on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. UBS Group upped their target price on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, Wells Fargo & Company upped their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $133.56.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Company 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.