Dover Advisors LLC Sells 1,029 Shares of Exxon Mobil Co. (NYSE:XOM)

Dover Advisors LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 8.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,836 shares of the oil and gas company’s stock after selling 1,029 shares during the quarter. Exxon Mobil makes up about 1.6% of Dover Advisors LLC’s portfolio, making the stock its 20th biggest holding. Dover Advisors LLC’s holdings in Exxon Mobil were worth $1,183,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. Marion Wealth Management boosted its stake in Exxon Mobil by 55.7% in the 3rd quarter. Marion Wealth Management now owns 9,122 shares of the oil and gas company’s stock valued at $1,073,000 after purchasing an additional 3,264 shares during the period. Kessler Investment Group LLC raised its holdings in Exxon Mobil by 1.6% in the 3rd quarter. Kessler Investment Group LLC now owns 48,854 shares of the oil and gas company’s stock valued at $5,744,000 after acquiring an additional 765 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in Exxon Mobil by 1.3% in the 3rd quarter. Proficio Capital Partners LLC now owns 13,206 shares of the oil and gas company’s stock valued at $1,553,000 after acquiring an additional 175 shares in the last quarter. Capital Advisory Group Advisory Services LLC acquired a new position in Exxon Mobil in the 3rd quarter valued at $374,000. Finally, Koshinski Asset Management Inc. raised its holdings in Exxon Mobil by 3.2% in the 3rd quarter. Koshinski Asset Management Inc. now owns 34,345 shares of the oil and gas company’s stock valued at $4,038,000 after acquiring an additional 1,080 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Barclays started coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. Piper Sandler upped their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Truist Financial upped their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, TD Cowen upped their price target on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Stock Down 0.5 %

Shares of NYSE:XOM opened at $117.40 on Monday. The business’s 50 day simple moving average is $113.33 and its two-hundred day simple moving average is $106.64. The firm has a market cap of $464.70 billion, a P/E ratio of 14.46, a PEG ratio of 4.05 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 Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued 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). The company had revenue of $83.08 billion during 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 business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $2.83 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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