Aries Wealth Management Decreases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Aries Wealth Management lowered its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 12.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 48,681 shares of the oil and gas company’s stock after selling 7,068 shares during the quarter. Exxon Mobil comprises approximately 1.7% of Aries Wealth Management’s investment portfolio, making the stock its 12th largest holding. Aries Wealth Management’s holdings in Exxon Mobil were worth $4,867,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. Intrepid Capital Management Inc. increased its position in shares of Exxon Mobil by 1.2% in the 2nd quarter. Intrepid Capital Management Inc. now owns 7,928 shares of the oil and gas company’s stock worth $850,000 after purchasing an additional 92 shares during the last quarter. Traynor Capital Management Inc. increased its holdings in shares of Exxon Mobil by 4.2% in the third quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock valued at $276,000 after buying an additional 94 shares in the last quarter. Money Concepts Capital Corp lifted its stake in Exxon Mobil by 3.1% during the third quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock valued at $367,000 after buying an additional 95 shares in the last quarter. Defined Wealth Management LLC boosted its position in shares of Exxon Mobil by 2.4% in the third quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock worth $476,000 after buying an additional 96 shares during the period. Finally, Fluent Financial LLC increased its stake in shares of Exxon Mobil by 2.8% during the 3rd quarter. Fluent Financial LLC now owns 3,610 shares of the oil and gas company’s stock worth $424,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of several research analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. JPMorgan Chase & Co. dropped their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, December 8th. Piper Sandler lowered their price objective on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. UBS Group decreased their price target on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Finally, TD Cowen upgraded shares of Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Tuesday, January 23rd. Nine 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, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $128.18.

View Our Latest Analysis on XOM

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value 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 approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.04% of the stock is owned by insiders.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded up $1.07 during trading hours on Tuesday, reaching $113.37. 2,967,387 shares of the stock traded hands, compared to its average volume of 18,738,486. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $120.70. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $449.83 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 4.12 and a beta of 0.96. The company has a 50 day moving average price of $103.23 and a 200 day moving average price of $105.91.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same period in the prior year, the firm earned $3.40 EPS. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 9 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.35%. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

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.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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