Exxon Mobil Co. (NYSE:XOM) Holdings Reduced by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,353 shares of the oil and gas company's stock after selling 4,841 shares during the quarter. Exxon Mobil accounts for about 1.0% of Amica Mutual Insurance Co.'s holdings, making the stock its 23rd biggest position. Amica Mutual Insurance Co.'s holdings in Exxon Mobil were worth $9,397,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of XOM. UniSuper Management Pty Ltd raised its holdings in shares of Exxon Mobil by 31.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 240,395 shares of the oil and gas company's stock worth $25,859,000 after acquiring an additional 57,344 shares during the last quarter. Moment Partners LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $464,000. Sava Infond d.o.o. purchased a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $3,152,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Exxon Mobil by 8.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,041,759 shares of the oil and gas company's stock worth $759,524,000 after acquiring an additional 527,002 shares during the period. Finally, Foundation Wealth Management LLC PA purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $295,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.2 %

Shares of Exxon Mobil stock traded down $0.23 on Friday, hitting $117.66. 10,220,644 shares of the company's stock traded hands, compared to its average volume of 15,706,266. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm's 50-day moving average is $110.73 and its 200 day moving average is $113.71. The stock has a market cap of $510.53 billion, a P/E ratio of 15.01, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34.

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Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company posted $2.48 earnings per share. Equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.37%. Exxon Mobil's payout ratio is 50.51%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company's stock.

Analyst Ratings Changes

XOM has been the subject of several analyst reports. BMO Capital Markets dropped their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research note on Friday, January 31st. Morgan Stanley lowered their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday. The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Truist Financial lifted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. Finally, UBS Group cut their target price on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $129.05.

Exxon Mobil Company 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.