Haverford Trust Co Sells 11,611 Shares of Exxon Mobil Co. (NYSE:XOM)

Haverford Trust Co lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.8% during the fourth quarter, HoldingsChannel reports. The firm owned 137,807 shares of the oil and gas company’s stock after selling 11,611 shares during the quarter. Haverford Trust Co’s holdings in Exxon Mobil were worth $14,824,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sequent Planning LLC lifted its holdings in Exxon Mobil by 62.8% during the 4th quarter. Sequent Planning LLC now owns 3,555 shares of the oil and gas company’s stock valued at $382,000 after purchasing an additional 1,372 shares during the last quarter. Minneapolis Portfolio Management Group LLC grew its position in shares of Exxon Mobil by 0.5% in the fourth quarter. Minneapolis Portfolio Management Group LLC now owns 169,191 shares of the oil and gas company’s stock valued at $18,200,000 after purchasing an additional 923 shares during the last quarter. Hirtle Callaghan & Co LLC increased its stake in shares of Exxon Mobil by 7.2% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 3,171 shares of the oil and gas company’s stock worth $341,000 after purchasing an additional 213 shares during the period. Jackson Thornton Wealth Management LLC boosted its stake in Exxon Mobil by 39.9% in the 4th quarter. Jackson Thornton Wealth Management LLC now owns 4,222 shares of the oil and gas company’s stock valued at $454,000 after purchasing an additional 1,204 shares during the period. Finally, Woodmont Investment Counsel LLC grew its holdings in Exxon Mobil by 43.4% in the 4th quarter. Woodmont Investment Counsel LLC now owns 70,863 shares of the oil and gas company’s stock valued at $7,623,000 after buying an additional 21,455 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $115.30 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock’s 50-day simple moving average is $110.09 and its 200-day simple moving average is $113.57. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The company has a market capitalization of $500.29 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the company earned $2.48 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. Exxon Mobil’s payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent research reports. Piper Sandler lowered their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. HSBC dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Scotiabank dropped their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $129.15.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.03% of the company’s stock.

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.