Hardy Reed LLC Has $2.73 Million Stake in Exxon Mobil Corporation $XOM

Hardy Reed LLC reduced its holdings in Exxon Mobil Corporation (NYSE:XOM) by 14.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,170 shares of the oil and gas company’s stock after selling 3,935 shares during the quarter. Hardy Reed LLC’s holdings in Exxon Mobil were worth $2,725,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Eagle Capital Management LLC raised its stake in Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Exxon Mobil during the first quarter valued at about $305,000. Sivia Capital Partners LLC lifted its stake in shares of Exxon Mobil by 1.9% in the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after buying an additional 207 shares during the period. Castellan Group grew its position in Exxon Mobil by 2.9% during the second quarter. Castellan Group now owns 26,470 shares of the oil and gas company’s stock worth $2,853,000 after buying an additional 740 shares in the last quarter. Finally, Sagespring Wealth Partners LLC increased its stake in Exxon Mobil by 6.2% during the second quarter. Sagespring Wealth Partners LLC now owns 59,830 shares of the oil and gas company’s stock valued at $6,450,000 after acquiring an additional 3,482 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,230 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $149.18, for a total transaction of $481,851.40. Following the transaction, the vice president owned 20,354 shares in the company, valued at $3,036,409.72. This represents a 13.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 14,230 shares of company stock valued at $1,888,421 in the last three months. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 1.0%

Shares of XOM stock opened at $148.47 on Friday. The company has a market capitalization of $626.12 billion, a P/E ratio of 22.19, a P/E/G ratio of 15.44 and a beta of 0.39. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $156.93. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $129.26 and a 200 day moving average price of $118.77.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The company had revenue of $82.31 billion during the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. Exxon Mobil’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. Research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is presently 61.58%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. UBS Group reissued a “buy” rating and set a $171.00 price objective on shares of Exxon Mobil in a report on Monday, February 2nd. Loop Capital set a $123.00 target price on Exxon Mobil in a research report on Tuesday, February 3rd. Piper Sandler lowered their price target on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Barclays increased their price objective on shares of Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Mizuho set a $140.00 target price on shares of Exxon Mobil in a research report on Wednesday, February 4th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $140.59.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.