Exxon Mobil Co. (NYSE:XOM) Shares Sold by Gamble Jones Investment Counsel

Gamble Jones Investment Counsel trimmed its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,860 shares of the oil and gas company’s stock after selling 450 shares during the quarter. Gamble Jones Investment Counsel’s holdings in Exxon Mobil were worth $7,933,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. FMR LLC grew its holdings in shares of Exxon Mobil by 14.9% during the second quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock valued at $11,573,746,000 after buying an additional 17,521,080 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Exxon Mobil by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after purchasing an additional 560,517 shares during the last quarter. Legal & General Group Plc boosted its position in Exxon Mobil by 14.3% during the second 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 purchasing an additional 3,131,617 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Exxon Mobil by 10.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 20,436,069 shares of the oil and gas company’s stock valued at $1,750,145,000 after purchasing an additional 2,016,377 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Exxon Mobil by 6.7% during the second quarter. UBS Asset Management Americas Inc. now owns 13,564,255 shares of the oil and gas company’s stock valued at $1,161,643,000 after purchasing an additional 849,804 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 Monday, October 31st. The stock was sold at an average price of $110.47, for a total value of $276,175.00. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $2,801,850.61. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on XOM shares. Piper Sandler reduced their price objective on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $120.00 to $135.00 in a research report on Tuesday, January 17th. Redburn Partners cut Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Credit Suisse Group lifted their price objective on Exxon Mobil to $130.00 in a research report on Tuesday, November 1st. Finally, StockNews.com cut Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.35.

Exxon Mobil Trading Up 0.9 %

Exxon Mobil stock opened at $113.81 on Wednesday. Exxon Mobil Co. has a 52 week low of $71.39 and a 52 week high of $126.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.34. The firm has a market capitalization of $468.70 billion, a PE ratio of 9.29, a PEG ratio of 0.48 and a beta of 1.11. The business’s 50-day simple moving average is $109.54 and its 200-day simple moving average is $101.20.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.88 by $0.57. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The firm had revenue of $112.07 billion for the quarter, compared to analyst estimates of $102.96 billion. During the same period in the previous year, the company posted $1.58 earnings per share. The company’s quarterly revenue was up 51.9% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Co. will post 13.92 earnings per share for the current year.

Exxon Mobil Increases Dividend

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

About Exxon Mobil

(Get Rating)

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.