ORG Partners LLC Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

ORG Partners LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 97.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,673 shares of the oil and gas company’s stock after selling 68,890 shares during the period. ORG Partners LLC’s holdings in Exxon Mobil were worth $196,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP increased its stake in shares of Exxon Mobil by 62.2% during the third quarter. Wellington Management Group LLP now owns 3,120,505 shares of the oil and gas company’s stock valued at $366,909,000 after buying an additional 1,196,358 shares during the period. Chemung Canal Trust Co. increased its stake in shares of Exxon Mobil by 6.0% during the fourth quarter. Chemung Canal Trust Co. now owns 15,784 shares of the oil and gas company’s stock valued at $1,578,000 after buying an additional 887 shares during the period. McAlister Sweet & Associates Inc. increased its stake in shares of Exxon Mobil by 17.8% during the fourth quarter. McAlister Sweet & Associates Inc. now owns 50,066 shares of the oil and gas company’s stock valued at $5,006,000 after buying an additional 7,582 shares during the period. InTrack Investment Management Inc increased its stake in shares of Exxon Mobil by 21.5% during the fourth quarter. InTrack Investment Management Inc now owns 17,311 shares of the oil and gas company’s stock valued at $1,731,000 after buying an additional 3,065 shares during the period. Finally, Fulton Bank N.A. increased its stake in shares of Exxon Mobil by 11.9% during the fourth quarter. Fulton Bank N.A. now owns 42,407 shares of the oil and gas company’s stock valued at $4,240,000 after buying an additional 4,501 shares during the period. 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 business’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 value of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

XOM has been the topic of several research reports. Truist Financial restated a “hold” rating and set a $124.00 price target (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. TD Cowen lifted their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Finally, UBS Group lifted their target price on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $134.41.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded up $0.01 on Friday, reaching $113.26. 11,621,555 shares of the stock were exchanged, compared to its average volume of 17,872,555. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The firm has a market capitalization of $446.59 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 4.14 and a beta of 0.91. The business has a 50 day moving average price of $114.22 and a two-hundred day moving average price of $110.34.

Exxon Mobil (NYSE:XOM) last released its 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 return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the firm earned $2.83 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 9.02 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is presently 46.57%.

Exxon Mobil Company 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.