Exxon Mobil Co. (NYSE:XOM) Shares Sold by S&CO Inc.

S&CO Inc. trimmed its holdings in Exxon Mobil Co. (NYSE:XOMFree Report) by 0.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,066 shares of the oil and gas company’s stock after selling 220 shares during the quarter. Exxon Mobil comprises 2.0% of S&CO Inc.’s portfolio, making the stock its 15th largest holding. S&CO Inc.’s holdings in Exxon Mobil were worth $23,994,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Intrepid Capital Management Inc. boosted its stake in Exxon Mobil by 1.2% in the 2nd quarter. Intrepid Capital Management Inc. now owns 7,928 shares of the oil and gas company’s stock worth $850,000 after purchasing an additional 92 shares during the period. Lee Financial Co boosted its stake in Exxon Mobil by 0.5% in the 2nd quarter. Lee Financial Co now owns 20,454 shares of the oil and gas company’s stock worth $2,194,000 after purchasing an additional 94 shares during the period. Traynor Capital Management Inc. boosted its stake in Exxon Mobil by 4.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock worth $276,000 after purchasing an additional 94 shares during the period. Money Concepts Capital Corp boosted its stake in Exxon Mobil by 3.1% in the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after purchasing an additional 95 shares during the period. Finally, Defined Wealth Management LLC boosted its stake in Exxon Mobil by 2.4% in the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock worth $476,000 after purchasing an additional 96 shares during the period. 58.53% of the stock is owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Leonard M. Fox sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $102.65, for a total transaction of $1,231,800.00. Following the transaction, the vice president now directly owns 220,678 shares of the company’s stock, valued at $22,652,596.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jeffrey W. Ubben sold 2,077,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $104.06, for a total transaction of $216,132,620.00. Following the transaction, the director now directly owns 13,000 shares of the company’s stock, valued at $1,352,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Leonard M. Fox sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $102.65, for a total transaction of $1,231,800.00. Following the transaction, the vice president now directly owns 220,678 shares in the company, valued at $22,652,596.70. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on XOM shares. Sanford C. Bernstein started coverage on shares of Exxon Mobil in a research note on Tuesday, October 17th. They issued an “outperform” rating and a $140.00 target price for the company. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. UBS Group reduced their price objective on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. TD Cowen upgraded shares of Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Tuesday, January 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. 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 a consensus price target of $127.53.

View Our Latest Stock Analysis on Exxon Mobil

Exxon Mobil Trading Down 2.1 %

Shares of NYSE:XOM opened at $101.77 on Friday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $120.70. The company has a market capitalization of $403.31 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 3.61 and a beta of 0.97. The company has a 50-day simple moving average of $100.75 and a 200 day simple moving average of $106.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly 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. The firm had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business’s revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.40 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 9.39 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.73%. Exxon Mobil’s dividend payout ratio is currently 42.74%.

About Exxon Mobil

(Free Report)

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.

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

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