CRA Financial Services LLC Sells 2,514 Shares of Exxon Mobil Co. (NYSE:XOM)

CRA Financial Services LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 6.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,664 shares of the oil and gas company’s stock after selling 2,514 shares during the period. Exxon Mobil comprises approximately 0.8% of CRA Financial Services LLC’s investment portfolio, making the stock its 25th biggest holding. CRA Financial Services LLC’s holdings in Exxon Mobil were worth $3,366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Calamos Wealth Management LLC raised its stake in Exxon Mobil by 4.7% in the fourth quarter. Calamos Wealth Management LLC now owns 16,326 shares of the oil and gas company’s stock worth $1,632,000 after buying an additional 734 shares in the last quarter. Grandfield & Dodd LLC raised its stake in Exxon Mobil by 3.0% in the fourth quarter. Grandfield & Dodd LLC now owns 107,962 shares of the oil and gas company’s stock worth $10,794,000 after buying an additional 3,101 shares in the last quarter. Planning Directions Inc. grew its holdings in Exxon Mobil by 6.6% in the fourth quarter. Planning Directions Inc. now owns 5,666 shares of the oil and gas company’s stock worth $566,000 after purchasing an additional 351 shares during the last quarter. abrdn plc grew its holdings in Exxon Mobil by 58.1% in the fourth quarter. abrdn plc now owns 1,970,583 shares of the oil and gas company’s stock worth $197,019,000 after purchasing an additional 724,539 shares during the last quarter. Finally, Dupree Financial Group LLC purchased a new position in Exxon Mobil in the fourth quarter worth $378,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several analyst reports. TD Cowen lifted their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Barclays initiated coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Scotiabank lifted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. UBS Group boosted their price objective on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $132.28.

Insider Buying and Selling

In related news, 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 transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Up 1.1 %

Shares of NYSE XOM opened at $119.88 on Monday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock has a market cap of $474.52 billion, a PE ratio of 13.48, a P/E/G ratio of 4.12 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $111.55 and a 200 day moving average of $106.23.

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

Exxon Mobil Dividend Announcement

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

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.