Buffington Mohr McNeal Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

Buffington Mohr McNeal decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,456 shares of the oil and gas company’s stock after selling 980 shares during the quarter. Buffington Mohr McNeal’s holdings in Exxon Mobil were worth $750,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in XOM. Norges Bank purchased a new position in Exxon Mobil during the fourth quarter valued at $5,519,753,000. Global Assets Advisory LLC raised its stake in shares of Exxon Mobil by 16,399.4% in the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock worth $1,466,589,000 after purchasing an additional 12,540,435 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Exxon Mobil by 566.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after purchasing an additional 11,216,602 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Exxon Mobil by 10,221.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after purchasing an additional 4,870,115 shares during the last quarter. Finally, Capital International Investors raised its stake in shares of Exxon Mobil by 22.8% in the fourth quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock worth $2,198,413,000 after purchasing an additional 4,084,458 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $114.81 on Thursday. The stock has a 50 day moving average of $115.00 and a 200 day moving average of $109.91. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The firm has a market cap of $452.70 billion, a PE ratio of 14.07, a PEG 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 (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the previous year, the company posted $2.83 earnings per share. Exxon Mobil’s quarterly revenue was down 4.0% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post 9.28 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently commented on XOM. Morgan Stanley reiterated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. HSBC upped their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. UBS Group boosted their price target on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Truist Financial reissued a “hold” rating and set a $124.00 price target (down previously from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Finally, TD Cowen boosted their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $133.82.

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.