Exxon Mobil Co. (NYSE:XOM) Shares Sold by Private Wealth Management Group LLC

Private Wealth Management Group LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,719 shares of the oil and gas company’s stock after selling 324 shares during the period. Private Wealth Management Group LLC’s holdings in Exxon Mobil were worth $400,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Adero Partners LLC raised its holdings in shares of Exxon Mobil by 49.6% in the 4th quarter. Adero Partners LLC now owns 5,947 shares of the oil and gas company’s stock worth $640,000 after purchasing an additional 1,973 shares during the period. YANKCOM Partnership acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $1,516,000. Bleakley Financial Group LLC raised its holdings in Exxon Mobil by 1.0% in the fourth quarter. Bleakley Financial Group LLC now owns 116,563 shares of the oil and gas company’s stock valued at $12,539,000 after buying an additional 1,206 shares during the period. Centennial Wealth Advisory LLC grew its stake in Exxon Mobil by 4.9% during the fourth quarter. Centennial Wealth Advisory LLC now owns 6,183 shares of the oil and gas company’s stock worth $665,000 after buying an additional 291 shares during the period. Finally, Trilogy Capital Inc. increased its position in shares of Exxon Mobil by 3.0% in the fourth quarter. Trilogy Capital Inc. now owns 31,185 shares of the oil and gas company’s stock worth $3,355,000 after acquiring an additional 907 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the business’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 transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on XOM. Truist Financial lifted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Mizuho decreased their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. dropped their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Bank of America assumed coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. Finally, Bernstein Bank lifted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Price Performance

Shares of XOM opened at $108.87 on Monday. Exxon Mobil Co. has a 52 week low of $100.42 and a 52 week high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market cap of $478.49 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 2.94 and a beta of 0.89. The stock has a 50 day moving average of $109.41 and a 200-day moving average of $114.97.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the company posted $2.48 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.64%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

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.