HT Partners LLC Sells 135 Shares of Exxon Mobil Co. (NYSE:XOM)

HT Partners LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,922 shares of the oil and gas company’s stock after selling 135 shares during the quarter. HT Partners LLC’s holdings in Exxon Mobil were worth $292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its position in Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after buying an additional 123,254,064 shares during the period. Norges Bank bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $5,226,390,000. Imprint Wealth LLC lifted its holdings in Exxon Mobil by 9,115.2% in the 2nd quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock worth $1,130,434,000 after purchasing an additional 11,181,673 shares in the last quarter. Morgan Stanley increased its stake in Exxon Mobil by 11.9% in the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock worth $5,788,398,000 after acquiring an additional 5,566,797 shares during the last quarter. Finally, FMR LLC raised its position in shares of Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after buying an additional 4,162,149 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM traded up $1.10 during trading on Thursday, hitting $116.07. 7,826,684 shares of the company were exchanged, compared to its average volume of 18,305,682. The firm’s fifty day moving average price is $104.98 and its 200 day moving average price is $105.89. The company has a market cap of $460.55 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 4.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $120.70.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. During the same period last year, the firm posted $3.40 EPS. The firm’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.11 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 dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

Analysts Set New Price Targets

A number of equities analysts recently commented on XOM shares. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Piper Sandler reduced their target price on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Mizuho lifted their price objective on shares of Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Tuesday, January 23rd. Finally, UBS Group dropped their price objective on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $128.18.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.06% of the stock is owned by company insiders.

About Exxon Mobil

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.