Swiss National Bank Sells 755,400 Shares of Exxon Mobil Co. (NYSE:XOM)

Swiss National Bank decreased its position in Exxon Mobil Co. (NYSE:XOM) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,559,818 shares of the oil and gas company’s stock after selling 755,400 shares during the quarter. Exxon Mobil comprises 0.9% of Swiss National Bank’s holdings, making the stock its 13th largest position. Swiss National Bank’s holdings in Exxon Mobil were worth $1,351,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. Principal Financial Group Inc. grew its position in Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after acquiring an additional 521,932 shares during the last quarter. United Bank boosted its stake in shares of Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after purchasing an additional 641 shares during the period. Delta Financial Advisors LLC grew its holdings in shares of Exxon Mobil by 4.5% in the third quarter. Delta Financial Advisors LLC now owns 25,877 shares of the oil and gas company’s stock worth $3,033,000 after purchasing an additional 1,124 shares during the last quarter. Weil Company Inc. increased its stake in shares of Exxon Mobil by 3.0% in the third quarter. Weil Company Inc. now owns 6,209 shares of the oil and gas company’s stock worth $728,000 after buying an additional 180 shares during the period. Finally, Bond & Devick Financial Network Inc. raised its holdings in Exxon Mobil by 28.4% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 5,505 shares of the oil and gas company’s stock valued at $645,000 after buying an additional 1,219 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. HSBC cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. BMO Capital Markets reduced their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. Truist Financial lifted 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. Finally, Bernstein Bank upped their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Price Performance

Shares of XOM opened at $109.12 on Thursday. The firm’s 50-day simple moving average is $109.24 and its two-hundred day simple moving average is $113.77. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The stock has a market cap of $473.47 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 period in the prior year, the business posted $2.48 EPS. Analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 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.