Howland Capital Management LLC Trims Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Howland Capital Management LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,927 shares of the oil and gas company’s stock after selling 2,170 shares during the quarter. Howland Capital Management LLC’s holdings in Exxon Mobil were worth $16,614,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. First Pacific Financial acquired a new position in shares of Exxon Mobil during the first quarter valued at approximately $34,000. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $46,000. Vima LLC purchased a new position in Exxon Mobil in the fourth quarter worth approximately $50,000. Redmont Wealth Advisors LLC purchased a new position in Exxon Mobil in the first quarter worth approximately $88,000. Finally, Christopher J. Hasenberg Inc purchased a new position in Exxon Mobil in the first quarter worth approximately $91,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the 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 transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on XOM shares. Barclays lowered their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday. UBS Group increased their price objective on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. HSBC raised 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. Piper Sandler raised their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.41.

Exxon Mobil Trading Up 0.6 %

Shares of NYSE:XOM opened at $113.92 on Friday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a market cap of $449.19 billion, a PE ratio of 13.87, a P/E/G ratio of 4.14 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $114.22 and its 200 day moving average price is $110.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results 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). The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.83 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 9.02 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.34%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

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.