New Age Alpha Advisors LLC Sells 44,819 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• New Age Alpha Advisors LLC reduced its stake in Exxon Mobil by 25.1%, selling 44,819 shares and retaining 133,479 shares worth approximately $15.88 million.
• Exxon Mobil reported a quarterly earnings per share (EPS) of $1.64, exceeding analysts' estimates of $1.47, with a revenue of $81.51 billion.
• The company announced a quarterly dividend of $0.99, reflecting an annualized dividend of $3.96 and a dividend yield of 3.7%.

New Age Alpha Advisors LLC reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 25.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 133,479 shares of the oil and gas company's stock after selling 44,819 shares during the period. Exxon Mobil makes up approximately 0.7% of New Age Alpha Advisors LLC's holdings, making the stock its 11th biggest holding. New Age Alpha Advisors LLC's holdings in Exxon Mobil were worth $15,875,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. 10Elms LLP bought a new position in shares of Exxon Mobil in the fourth quarter valued at $25,000. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil in the first quarter valued at $29,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at $32,000. Cloud Capital Management LLC bought a new position in shares of Exxon Mobil in the first quarter valued at $45,000. Finally, Clarity Asset Management Inc. grew its stake in shares of Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

XOM stock traded down $0.52 during midday trading on Thursday, reaching $105.99. The company had a trading volume of 13,455,331 shares, compared to its average volume of 15,527,678. The company has a market capitalization of $451.85 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 2.00 and a beta of 0.53. The stock has a 50 day moving average price of $109.79 and a 200-day moving average price of $109.00. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Exxon Mobil's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.14 earnings per share. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's payout ratio is 56.25%.

Analysts Set New Price Targets

Several research firms recently weighed in on XOM. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. TD Cowen raised their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Piper Sandler lifted their target price on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of "Hold" and an average price target of $125.26.

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.