Exxon Mobil Co. (NYSE:XOM) Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 31.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 81,626 shares of the oil and gas company’s stock after selling 37,389 shares during the period. Merit Financial Group LLC’s holdings in Exxon Mobil were worth $8,161,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of XOM. Bare Financial Services Inc bought a new stake in Exxon Mobil in the fourth quarter worth about $116,000. Coulter & Justus Financial Services LLC grew its stake in shares of Exxon Mobil by 2.0% in the 4th quarter. Coulter & Justus Financial Services LLC now owns 10,401 shares of the oil and gas company’s stock worth $1,040,000 after purchasing an additional 200 shares during the last quarter. Solutions 4 Wealth Ltd bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $267,000. Benjamin F. Edwards & Company Inc. lifted its stake in Exxon Mobil by 480.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 427,380 shares of the oil and gas company’s stock valued at $42,729,000 after purchasing an additional 353,796 shares during the last quarter. Finally, Smart Money Group LLC boosted its holdings in Exxon Mobil by 6.0% during the fourth quarter. Smart Money Group LLC now owns 4,565 shares of the oil and gas company’s stock worth $456,000 after buying an additional 258 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on XOM. Piper Sandler boosted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. TD Cowen increased their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday. UBS Group lifted their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Scotiabank increased their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $134.06.

Exxon Mobil Stock Down 0.2 %

Shares of XOM stock traded down $0.21 on Friday, hitting $116.03. The company’s stock had a trading volume of 28,021,338 shares, compared to its average volume of 18,548,303. The stock has a market capitalization of $457.51 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 4.03 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 firm’s fifty day moving average price is $114.41 and its 200-day moving average price is $106.92. 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 announced its quarterly earnings results 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 return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.83 EPS. Research analysts anticipate that Exxon Mobil Co. will post 9.6 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. 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 3.28%. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’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 completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred 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 transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

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.