Gradient Investments LLC trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,523 shares of the oil and gas company’s stock after selling 10,244 shares during the quarter. Gradient Investments LLC’s holdings in Exxon Mobil were worth $19,912,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in XOM. Axiom Financial Strategies LLC lifted its position in Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after acquiring an additional 1,173 shares during the period. Retirement Income Solutions Inc acquired a new stake in Exxon Mobil during the 1st quarter worth approximately $275,000. Loomis Sayles & Co. L P lifted its position in Exxon Mobil by 318.8% during the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after acquiring an additional 13,065 shares during the period. Ergoteles LLC lifted its holdings in shares of Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after buying an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $237,000. 57.49% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Trading Down 1.2 %
Shares of NYSE XOM opened at $99.84 on Friday. The stock’s 50 day moving average price is $111.74 and its two-hundred day moving average price is $106.43. Exxon Mobil Co. has a 52-week low of $78.10 and a 52-week high of $119.63. The stock has a market capitalization of $406.45 billion, a P/E ratio of 7.53, a PEG ratio of 0.46 and a beta of 1.09. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20.
Exxon Mobil Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s payout ratio is 27.45%.
Wall Street Analysts Forecast Growth
XOM has been the subject of several recent analyst reports. Mizuho raised their price target on Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. Citigroup raised their price objective on Exxon Mobil from $98.00 to $110.00 in a research note on Tuesday, November 22nd. Argus raised their price target on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Truist Financial raised their price target on Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, February 1st. Finally, Redburn Partners downgraded Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.64.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the sale, the vice president now directly owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.04% of the company’s stock.
Exxon Mobil Company Profile
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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