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

Private Wealth Management Group LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,719 shares of the oil and gas company’s stock after selling 324 shares during the quarter. Private Wealth Management Group LLC’s holdings in Exxon Mobil were worth $400,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Adero Partners LLC increased its holdings in shares of Exxon Mobil by 49.6% during the fourth quarter. Adero Partners LLC now owns 5,947 shares of the oil and gas company’s stock valued at $640,000 after purchasing an additional 1,973 shares during the period. YANKCOM Partnership bought a new position in Exxon Mobil in the 4th quarter valued at about $1,516,000. Bleakley Financial Group LLC increased its stake in Exxon Mobil by 1.0% during the 4th 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 raised its position in shares of Exxon Mobil by 4.9% during the 4th 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 in the last quarter. Finally, Trilogy Capital Inc. lifted its stake in shares of Exxon Mobil by 3.0% in the 4th 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 during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

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

Exxon Mobil (NYSE:XOM) last issued its 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 last year, the business posted $2.48 EPS. Equities research analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Piper Sandler dropped their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. dropped their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. UBS Group decreased their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Wells Fargo & Company dropped their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.25.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the 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 transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil 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.