Te Ahumairangi Investment Management Ltd Has $2.84 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Te Ahumairangi Investment Management Ltd trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 24,429 shares of the oil and gas company’s stock after selling 450 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in Exxon Mobil were worth $2,840,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of XOM. Root Financial Partners LLC boosted its holdings in shares of Exxon Mobil by 10.7% in the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after purchasing an additional 199 shares in the last quarter. RNC Capital Management LLC grew its position in Exxon Mobil by 5.5% in the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after acquiring an additional 4,585 shares during the last quarter. Dupree Financial Group LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $378,000. Intact Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 225.7% in the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock worth $6,839,000 after acquiring an additional 47,400 shares during the last quarter. Finally, AJOVista LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $312,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 2.3 %

XOM stock traded down $2.73 during mid-day trading on Friday, reaching $116.07. The company’s stock had a trading volume of 16,157,707 shares, compared to its average volume of 15,032,544. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average price is $114.13 and its 200 day moving average price is $111.04. The company has a market cap of $457.67 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 4.47 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the business earned $2.83 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XOM. UBS Group upped their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Sanford C. Bernstein lowered their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday. Piper Sandler raised their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. TD Cowen boosted their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, Truist Financial reiterated a “hold” rating and issued a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $134.94.

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.