Paulson Wealth Management Inc. Sells 1,512 Shares of Exxon Mobil Co. (NYSE:XOM)

Paulson Wealth Management Inc. lowered its position in Exxon Mobil Co. (NYSE:XOM) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,046 shares of the oil and gas company’s stock after selling 1,512 shares during the period. Paulson Wealth Management Inc.’s holdings in Exxon Mobil were worth $904,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. WealthPlan Investment Management LLC raised its position in shares of Exxon Mobil by 9,446.4% in the third quarter. WealthPlan Investment Management LLC now owns 16,038 shares of the oil and gas company’s stock valued at $1,886,000 after purchasing an additional 15,870 shares during the period. Savant Capital LLC lifted its holdings in shares of Exxon Mobil by 0.6% during the third quarter. Savant Capital LLC now owns 177,894 shares of the oil and gas company’s stock worth $20,917,000 after buying an additional 1,042 shares during the last quarter. Nicolet Advisory Services LLC boosted its holdings in Exxon Mobil by 1.6% in the 3rd quarter. Nicolet Advisory Services LLC now owns 36,451 shares of the oil and gas company’s stock valued at $4,064,000 after purchasing an additional 572 shares during the period. Atria Investments Inc lifted its stake in shares of Exxon Mobil by 10.1% in the third quarter. Atria Investments Inc now owns 184,801 shares of the oil and gas company’s stock valued at $21,724,000 after buying an additional 16,886 shares during the period. Finally, Fort Pitt Capital Group LLC lifted its position in shares of Exxon Mobil by 8.5% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 15,073 shares of the oil and gas company’s stock worth $1,772,000 after acquiring an additional 1,180 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE XOM traded up $3.27 during trading on Friday, reaching $117.26. The company had a trading volume of 29,037,378 shares, compared to its average volume of 16,682,006. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The business’s 50 day moving average price is $117.84 and its 200-day moving average price is $108.26. The stock has a market cap of $462.36 billion, a PE ratio of 14.37, a PEG ratio of 3.97 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

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 for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion during 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 business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.83 EPS. Analysts expect that Exxon Mobil Co. will post 9.57 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Piper Sandler increased their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Scotiabank lifted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Wells Fargo & Company increased their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Finally, Barclays started coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $135.00.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of the firm’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 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 can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

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.