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

Anchor Investment Management LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,277 shares of the oil and gas company's stock after selling 6,606 shares during the quarter. Exxon Mobil accounts for approximately 1.0% of Anchor Investment Management LLC's investment portfolio, making the stock its 21st largest position. Anchor Investment Management LLC's holdings in Exxon Mobil were worth $10,894,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in XOM. Rench Wealth Management Inc. boosted its holdings in Exxon Mobil by 1.9% during the 4th quarter. Rench Wealth Management Inc. now owns 48,925 shares of the oil and gas company's stock valued at $5,263,000 after acquiring an additional 932 shares during the period. M Holdings Securities Inc. increased its position in shares of Exxon Mobil by 2.5% during the fourth quarter. M Holdings Securities Inc. now owns 25,952 shares of the oil and gas company's stock worth $2,792,000 after purchasing an additional 641 shares in the last quarter. AGP Franklin LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at $2,551,000. Rossby Financial LCC purchased a new position in Exxon Mobil during the 4th quarter worth $643,000. Finally, Chiron Investment Management LLC grew its stake in Exxon Mobil by 48.5% during the 4th quarter. Chiron Investment Management LLC now owns 53,090 shares of the oil and gas company's stock worth $5,711,000 after buying an additional 17,346 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on XOM. Wells Fargo & Company lowered their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. UBS Group cut their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday. BMO Capital Markets lowered their price objective on shares of 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. Truist Financial boosted their price objective 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, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.75.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.03% of the company's stock.

Exxon Mobil Trading Up 2.5 %

Exxon Mobil stock traded up $2.65 during trading on Friday, hitting $106.84. The company had a trading volume of 17,830,092 shares, compared to its average volume of 15,979,540. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company's 50 day simple moving average is $109.92 and its 200-day simple moving average is $112.90. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a market cap of $462.12 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the firm posted $2.48 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.71%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

About Exxon Mobil

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.