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WNY Asset Management LLC buys 1,816 shares of Exxon Mobil Co. (NYSE:XOM)


WNY Asset Management LLC has sold its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) increased 10.5% in the fourth quarter, the company said in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,168 shares of the oil and gas company, after purchasing a further 1,816 shares during the period. WNY Asset Management LLC’s holdings in Exxon Mobil were worth $1,916,000 at the end of the most recent quarter.

Other hedge funds have also recently increased or decreased their stakes in the company. Kesler Norman & Wride LLC increased its holdings in shares of Exxon Mobil by 76.3% during the third quarter. Kesler Norman & Wride LLC now owns 3,344 shares of the oil and gas company’s stock valued at $393,000 after acquiring an additional 1,447 shares in the last quarter. Financial Engines Advisors LLC grew its holdings in Exxon Mobil by 12.1% in the third quarter. Financial Engines Advisors LLC now owns 12,719 shares of the oil and gas company’s stock worth $1,495,000 after purchasing an additional 1,375 shares during the period. Phoenix Holdings Ltd. increased its position in Exxon Mobil by 41.9% during the third quarter. Phoenix Holdings Ltd. now owns 31,672 shares of the oil and gas company’s stock worth $3,751,000 after purchasing an additional 9,349 shares during the last quarter. GWM Asset Management Ltd acquired a new position in Exxon Mobil during the third quarter valued at approximately $3,951,000. Finally, QRG purchased Capital Management Inc. in the third quarter, a new stake in shares of Exxon Mobil worth approximately $89,067,000. Institutional investors and hedge funds own 61.80% of the company’s shares.

Analysts set new price targets

A number of brokers have recently released reports on XOM. Mizuho raised their price objective on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13. UBS Group raised their price target on shares of Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, May 7. Piper Sandler lifted their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18. Wells Fargo & Company raised the share price of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $133.71.

Check out our latest research report on XOM

Insider buying and selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The stock sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the Vice President now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s shares.

Exxon Mobil is trading 0.8% lower

NYSE XOM opened at $109.15 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a 50-day moving average of $116.83 and a 200-day moving average of $108.80. The company has a market cap of $430.38 billion, a price-to-earnings ratio of 13.38, a price-to-earnings ratio of 3.92 and a beta of 0.92.

Exxon Mobil (NYSE:XOM – Get Free Report) last reported its quarterly results on Friday, April 26. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter last year, the company posted earnings per share of $2.83. The company’s revenue for the quarter decreased 4.0% compared to the same quarter last year. As a group, stock analysts expect Exxon Mobil Co. will post a profit per share of 9.36 for the current financial year.

Exxon Mobil announces dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10. Investors of record received a $0.95 dividend on Wednesday, May 15. The ex-dividend date was Tuesday, May 14. This represents a dividend of $3.80 annually and a yield of 3.48%. Exxon Mobil’s payout ratio is 46.57%.

Exxon Mobil company profile

(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 the Upstream, Energy Products, Chemical Products and Specialty Products segments. The Upstream segment explores and produces crude oil and natural gas.

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Would you like to see which other hedge funds own XOM? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Exxon Mobil Co. (NYSE:XOM – Free Report).

Quarterly Institutional Ownership for Exxon Mobil (NYSE:XOM)



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