Deseret Mutual Benefit Administrators Trims Position in Exxon Mobil Co. (NYSE:XOM)

Deseret Mutual Benefit Administrators trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 30.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,972 shares of the oil and gas company’s stock after selling 11,539 shares during the quarter. Exxon Mobil accounts for approximately 0.7% of Deseret Mutual Benefit Administrators’ portfolio, making the stock its 21st biggest position. Deseret Mutual Benefit Administrators’ holdings in Exxon Mobil were worth $2,355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. FMR LLC increased its position in shares of Exxon Mobil by 14.9% during the 2nd quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock worth $11,573,746,000 after purchasing an additional 17,521,080 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Exxon Mobil by 1,505.5% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock valued at $833,291,000 after acquiring an additional 9,124,095 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in Exxon Mobil in the 3rd quarter valued at about $347,253,000. Legal & General Group Plc grew its position in Exxon Mobil by 14.3% in the 2nd quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock valued at $2,144,479,000 after acquiring an additional 3,131,617 shares in the last quarter. Finally, HighTower Trust Company N.A. acquired a new position in Exxon Mobil in the 3rd quarter valued at about $237,316,000. 57.49% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $113.81 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a twelve month low of $71.39 and a twelve month high of $126.54. The stock has a 50 day moving average of $109.54 and a two-hundred day moving average of $101.20. The stock has a market cap of $468.70 billion, a P/E ratio of 9.29, a P/E/G ratio of 0.48 and a beta of 1.11.

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings data on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.57. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The company had revenue of $112.07 billion during the quarter, compared to analysts’ expectations of $102.96 billion. During the same quarter in the previous year, the business earned $1.58 earnings per share. The firm’s revenue for the quarter was up 51.9% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Co. will post 13.92 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Monday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s dividend payout ratio is 29.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays lifted their target price on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Truist Financial boosted their price objective on Exxon Mobil from $111.00 to $114.00 in a research report on Monday, October 31st. Mizuho raised Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $90.00 to $140.00 in a research report on Tuesday, January 10th. Credit Suisse Group boosted their price objective on Exxon Mobil to $130.00 in a research report on Tuesday, November 1st. Finally, Redburn Partners downgraded Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $114.35.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $105.00, for a total transaction of $262,500.00. Following the completion of the sale, the vice president now owns 34,272 shares in the company, valued at $3,598,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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