Exxon Mobil Co. (NYSE:XOM) Shares Sold by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. lowered its position in Exxon Mobil Co. (NYSE:XOM) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,165 shares of the oil and gas company’s stock after selling 820 shares during the period. Salem Investment Counselors Inc.’s holdings in Exxon Mobil were worth $8,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Partnership Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at approximately $46,000. Vima LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at approximately $50,000. Keener Financial Planning LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at approximately $80,000. Neo Ivy Capital Management purchased a new stake in Exxon Mobil in the 4th quarter valued at approximately $80,000. Finally, Orion Capital Management LLC purchased a new stake in Exxon Mobil in the 3rd quarter valued at approximately $91,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on XOM. Piper Sandler increased their price target on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. UBS Group increased their price target on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Mizuho increased their price target on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Morgan Stanley reissued an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. Finally, Barclays assumed coverage on Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.71.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the firm’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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 0.9 %

NYSE XOM traded down $0.98 during trading hours on Friday, hitting $110.76. The company had a trading volume of 52,220,574 shares, compared to its average volume of 14,478,490. 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 capitalization of $436.73 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 3.98 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm’s 50 day moving average is $115.70 and its 200 day moving average is $109.10.

Exxon Mobil (NYSE:XOM) last announced its 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 revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.83 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 9.36 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.43%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Exxon Mobil 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.