Oliver Lagore Vanvalin Investment Group Trims Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Oliver Lagore Vanvalin Investment Group decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 9.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,336 shares of the oil and gas company’s stock after selling 444 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Exxon Mobil were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Twin Capital Management Inc. grew its stake in Exxon Mobil by 6.3% during the fourth quarter. Twin Capital Management Inc. now owns 97,261 shares of the oil and gas company’s stock valued at $9,724,000 after acquiring an additional 5,806 shares in the last quarter. Federated Hermes Inc. grew its stake in Exxon Mobil by 4.5% during the fourth quarter. Federated Hermes Inc. now owns 493,535 shares of the oil and gas company’s stock valued at $49,344,000 after acquiring an additional 21,066 shares in the last quarter. Curran Financial Partners LLC grew its stake in Exxon Mobil by 3.7% during the fourth quarter. Curran Financial Partners LLC now owns 5,438 shares of the oil and gas company’s stock valued at $542,000 after acquiring an additional 194 shares in the last quarter. OLD Second National Bank of Aurora grew its stake in Exxon Mobil by 18.3% during the fourth quarter. OLD Second National Bank of Aurora now owns 6,540 shares of the oil and gas company’s stock valued at $654,000 after acquiring an additional 1,011 shares in the last quarter. Finally, Flossbach Von Storch AG grew its stake in Exxon Mobil by 8.2% during the fourth quarter. Flossbach Von Storch AG now owns 572,343 shares of the oil and gas company’s stock valued at $57,223,000 after acquiring an additional 43,415 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.2 %

Shares of Exxon Mobil stock opened at $119.90 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The company has a 50-day moving average of $111.55 and a 200 day moving average of $106.33. The firm has a market cap of $474.60 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 4.07 and a beta of 0.96. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. The company had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. Exxon Mobil’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the business earned $3.40 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.17%. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Analyst Upgrades and Downgrades

A number of research firms have commented on XOM. TD Cowen boosted their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Truist Financial boosted their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Barclays began coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Finally, UBS Group boosted their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $132.28.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.06% of the stock is owned by company insiders.

About Exxon Mobil

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.