Intergy Private Wealth LLC Takes $236,000 Position in Exxon Mobil Co. (NYSE:XOM)

Intergy Private Wealth LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,028 shares of the oil and gas company’s stock, valued at approximately $236,000.

A number of other large investors have also recently bought and sold shares of the company. First American Trust FSB increased its holdings in shares of Exxon Mobil by 6.2% during the 3rd quarter. First American Trust FSB now owns 7,601 shares of the oil and gas company’s stock valued at $894,000 after purchasing an additional 447 shares in the last quarter. Sterling Manor Financial LLC acquired a new position in Exxon Mobil in the 3rd quarter worth about $221,000. TCI Wealth Advisors Inc. boosted its position in Exxon Mobil by 5.8% during the third quarter. TCI Wealth Advisors Inc. now owns 57,762 shares of the oil and gas company’s stock worth $6,792,000 after purchasing an additional 3,165 shares in the last quarter. Teamwork Financial Advisors LLC grew its holdings in Exxon Mobil by 8.3% in the third quarter. Teamwork Financial Advisors LLC now owns 85,305 shares of the oil and gas company’s stock valued at $10,030,000 after purchasing an additional 6,562 shares during the period. Finally, Tranquility Partners LLC purchased a new stake in shares of Exxon Mobil in the third quarter valued at approximately $264,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.7 %

Shares of XOM traded down $1.91 during trading on Thursday, reaching $113.57. 15,978,354 shares of the company traded hands, compared to its average volume of 18,459,836. The stock has a 50-day simple moving average of $117.63 and a 200-day simple moving average of $107.80. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. 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 stock has a market cap of $447.81 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 4.10 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company earned $2.83 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 9.57 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s payout ratio is presently 46.57%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, 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 SEC, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Scotiabank lifted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. TD Cowen lifted their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Truist Financial increased their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Morgan Stanley restated an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. Finally, Piper Sandler increased their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

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.