Exxon Mobil Co. (NYSE:XOM) Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 7.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,181 shares of the oil and gas company’s stock after selling 6,214 shares during the quarter. Flputnam Investment Management Co.’s holdings in Exxon Mobil were worth $8,116,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Traynor Capital Management Inc. grew its position in Exxon Mobil by 4.2% in the third quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock valued at $276,000 after acquiring an additional 94 shares in the last quarter. Money Concepts Capital Corp grew its position in Exxon Mobil by 3.1% in the third quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock valued at $367,000 after acquiring an additional 95 shares in the last quarter. Defined Wealth Management LLC grew its position in Exxon Mobil by 2.4% in the third quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock valued at $476,000 after acquiring an additional 96 shares in the last quarter. Fluent Financial LLC grew its position in Exxon Mobil by 2.8% in the third quarter. Fluent Financial LLC now owns 3,610 shares of the oil and gas company’s stock valued at $424,000 after acquiring an additional 97 shares in the last quarter. Finally, Well Done LLC grew its position in Exxon Mobil by 0.8% in the third quarter. Well Done LLC now owns 12,436 shares of the oil and gas company’s stock valued at $1,462,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Piper Sandler lowered their price objective on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. Barclays initiated coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. Scotiabank increased their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Finally, UBS Group increased their target price on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $131.44.

Insider Activity

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $118.63 on Thursday. The business’s fifty day moving average price is $110.89 and its 200 day moving average price is $106.22. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock has a market capitalization of $469.57 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 4.08 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same period last year, the business posted $3.40 earnings per share. The firm’s revenue for the quarter was down 11.6% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

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.