HM Payson & Co. Sells 970 Shares of Exxon Mobil Co. (NYSE:XOM)

HM Payson & Co. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 333,935 shares of the oil and gas company’s stock after selling 970 shares during the period. HM Payson & Co.’s holdings in Exxon Mobil were worth $36,619,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dark Forest Capital Management LP bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $27,000. Corrado Advisors LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $28,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $36,000. Align Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $38,000. Finally, Financial Connections Group Inc. raised its holdings in shares of Exxon Mobil by 1,207.1% in the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 338 shares during the period. 58.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on XOM shares. HSBC increased their price target on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a report on Thursday, April 20th. Jefferies Financial Group lowered their price target on shares of Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. Mizuho lowered their price target on shares of Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. Morgan Stanley increased their price target on shares of Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. Finally, The Goldman Sachs Group cut shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.70.

Insider Buying and Selling at Exxon Mobil

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In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the sale, the vice president now owns 29,272 shares in the company, valued at $3,398,771.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $107.25 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $433.61 billion, a price-to-earnings ratio of 7.26, a P/E/G ratio of 0.62 and a beta of 1.09. The firm’s 50 day simple moving average is $107.10 and its 200 day simple moving average is $109.65. Exxon Mobil Co. has a 1 year low of $80.69 and a 1 year high of $119.92.

Exxon Mobil (NYSE:XOM – Free Report) last issued its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The firm had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. During the same quarter last year, the business posted $2.07 earnings per share. The company’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Co. will post 9.59 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were given a $0.91 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.39%. Exxon Mobil’s dividend payout ratio is currently 24.64%.

About Exxon Mobil

(Free Report)

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.