Arlington Financial Advisors LLC Sells 2,530 Shares of Exxon Mobil Co. (NYSE:XOM)

Arlington Financial Advisors LLC decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 41.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,596 shares of the oil and gas company’s stock after selling 2,530 shares during the quarter. Arlington Financial Advisors LLC’s holdings in Exxon Mobil were worth $418,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Partnership Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $46,000. Vima LLC bought a new stake in Exxon Mobil in the fourth quarter valued at about $50,000. Orion Capital Management LLC acquired a new position in Exxon Mobil in the third quarter worth about $91,000. Keener Financial Planning LLC bought a new position in Exxon Mobil during the fourth quarter worth about $80,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $80,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on XOM. HSBC boosted their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Truist Financial reaffirmed a “hold” rating and issued a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Mizuho lifted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Scotiabank upped their price objective on shares of 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, Piper Sandler lifted their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $133.82.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $114.96 on Tuesday. The stock has a market capitalization of $453.29 billion, a P/E ratio of 14.09, a P/E/G ratio of 4.14 and a beta of 0.91. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The business has a 50-day moving average price of $115.25 and a two-hundred day moving average price of $109.72.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the prior year, the company earned $2.83 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Equities analysts predict that Exxon Mobil Co. will post 9.28 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.31%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was 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 directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by corporate 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.