Hobbs Group Advisors LLC Sells 3,365 Shares of Exxon Mobil Corporation $XOM

Key Points

• Hobbs Group Advisors LLC reduced its stake in Exxon Mobil Corporation by 28.4%, selling 3,365 shares to hold a total of 8,473 shares valued at $1,008,000.
• Exxon Mobil's recent earnings report showed $1.64 earnings per share, exceeding analysts' expectations of $1.47, with quarterly revenue at $81.51 billion.
• The company declared a quarterly dividend of $0.99 per share, resulting in a 3.6% dividend yield to be paid on September 10th.

Hobbs Group Advisors LLC cut its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 28.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,473 shares of the oil and gas company's stock after selling 3,365 shares during the period. Hobbs Group Advisors LLC's holdings in Exxon Mobil were worth $1,008,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in XOM. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Exxon Mobil by 5.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,541 shares of the oil and gas company's stock worth $1,134,000 after purchasing an additional 541 shares during the last quarter. MGO One Seven LLC raised its stake in shares of Exxon Mobil by 19.6% during the fourth quarter. MGO One Seven LLC now owns 107,529 shares of the oil and gas company's stock valued at $11,567,000 after acquiring an additional 17,610 shares during the last quarter. Syon Capital LLC raised its stake in shares of Exxon Mobil by 2.6% during the fourth quarter. Syon Capital LLC now owns 80,884 shares of the oil and gas company's stock valued at $8,701,000 after acquiring an additional 2,063 shares during the last quarter. Burling Wealth Partners LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $1,649,000. Finally, Integrated Wealth Concepts LLC raised its stake in shares of Exxon Mobil by 1.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 247,780 shares of the oil and gas company's stock valued at $26,654,000 after acquiring an additional 3,998 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on XOM shares. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler boosted their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday. Wall Street Zen cut shares of Exxon Mobil from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Finally, Morgan Stanley boosted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Price Performance

Shares of XOM opened at $108.5440 on Thursday. The stock has a market cap of $462.75 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 2.01 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm's 50-day simple moving average is $110.27 and its two-hundred day simple moving average is $108.87.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business's revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.14 earnings per share. Analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio is currently 56.25%.

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.

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