Clear Creek Financial Management LLC sells 364 shares of Exxon Mobil Co. (NYSE:XOM)


Clear Creek Financial Management LLC reduced its stake in Exxon Mobil Co. (NYSE: XOMGet a rating) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,272 shares of the oil and gas company after selling 364 shares during the period. Clear Creek Financial Management LLC’s holdings in Exxon Mobil were worth $518,000 when it last filed with the Securities and Exchange Commission.

Other hedge funds have also increased or reduced their stakes in the company. Marcum Wealth LLC increased its position in Exxon Mobil by 19.1% in the first quarter. Marcum Wealth LLC now owns 29,415 shares of the oil and gas company valued at $2,429,000 after purchasing an additional 4,711 shares last quarter. Minot Wealth Management LLC increased its position in Exxon Mobil by 15.5% in the first quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company valued at $3,378,000 after buying 5,477 additional shares last quarter. Revolve Wealth Partners LLC increased its stake in Exxon Mobil by 13.3% in the first quarter. Revolve Wealth Partners LLC now owns 5,652 shares of the oil and gas company valued at $467,000 after acquiring 664 additional shares in the last quarter. The Federal Bank of Tennessee increased its stake in Exxon Mobil by 1.1% in the first quarter. The Home Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company valued at $1,170,000 after acquiring 150 more shares in the last quarter. Finally, Leonard Rickey Investment Advisors PLLC increased its stake in Exxon Mobil by 7.1% in the first quarter. Leonard Rickey Investment Advisors PLLC now owns 7,256 shares in the oil and gas company valued at $599,000 after acquiring 481 additional shares in the last quarter. Institutional investors hold 54.07% of the company’s shares.

Analyst upgrades and downgrades

A number of analysts have commented on XOM shares. HSBC raised its price target on Exxon Mobil shares from $92.50 to $97.50 and gave the company a “holding” rating in a Wednesday, July 20 research note. Bank of America cut its price target on Exxon Mobil shares from $128.00 to $120.00 and set a “buy” rating for the company in a Tuesday, July 19 research note. Credit Suisse Group has upgraded Exxon Mobil shares from a ‘neutral’ rating to an ‘outperforming’ rating and raised its price target for the company from $115.00 to $125.00 in a research note Tuesday, June 21. Argus raised its price target on Exxon Mobil shares from $92.00 to $104.00 in a Monday, May 9 research note. Finally, Truist Financial cut its price target on Exxon Mobil shares from $86.00 to $83.00 and set a “hold” rating for the company in a Tuesday, July 19 research note. Two investment analysts have assigned the stock a sell rating, eight have issued a hold rating and twelve have assigned the company a buy rating. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $94.73.

Exxon Mobil price performance

Shares of ExxonMobil Stocks opened at $87.08 on Monday. Exxon Mobil Co. has a 12-month low of $52.10 and a 12-month high of $105.57. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt ratio of 0.24. The company has a 50-day simple moving average of $91.32 and a two-hundred-day simple moving average of $84.67. The stock has a market cap of $366.83 billion, a price-to-earnings ratio of 14.44, a growth price-to-earnings ratio of 0.32 and a beta of 1.07.

Exxon Mobil (NYSE: XOMGet a rating) last released its quarterly earnings data on Friday, April 29. The oil and gas company reported earnings per share of $2.07 for the quarter, missing the consensus estimate of $2.25 per ($0.18). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company posted revenue of $90.50 billion in the quarter, versus analyst estimates of $83.57 billion. In the same quarter last year, the company achieved EPS of $0.65. Exxon Mobil’s revenue for the quarter increased 53.0% from the same quarter last year. Analysts expect Exxon Mobil Co. to post EPS of 11.46 for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 10. Shareholders of record on Friday, May 13 received a dividend of $0.88. This represents an annualized dividend of $3.52 and a yield of 4.04%. The ex-dividend date was Thursday, May 12. Exxon Mobil’s dividend payout ratio is currently 58.37%.

Insider Buying and Selling at Exxon Mobil

In other news from Exxon Mobil, Vice Chairman Darrin L. Talley sold 2,147 shares of the company in a transaction dated Tuesday, June 7. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the transaction, the vice president now directly owns 30,363 shares of the company, valued at approximately $3,121,620.03. The transaction was disclosed in a legal filing with the SEC, which is available via this link. In other Exxon Mobil news, Vice Chairman Darrin L. Talley sold 2,500 shares of the company in a trade dated Thursday, May 26. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the transaction, the vice president now directly owns 32,510 shares of the company, valued at approximately $3,142,091.50. The transaction was disclosed in a legal filing with the SEC, which is available via this link. Additionally, Vice Chairman Darrin L. Talley sold 2,147 shares of Exxon Mobil in a trade that took place on Tuesday, June 7. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the sale, the vice president now directly owns 30,363 shares of the company, valued at $3,121,620.03. Disclosure of this sale can be found here. Insiders own 0.04% of the shares of the company.

About Exxon Mobil

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and around the world. It operates through Upstream, Downstream and Chemicals segments. The Company is also involved in the manufacture, trade, transportation and sale of crude oil, natural gas, petroleum products, petrochemicals and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics and various other petrochemicals; and captures and stores carbon, hydrogen and biofuels.

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Institutional ownership by quarter for Exxon Mobil (NYSE:XOM)



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