Cynosure Group LLC Sells 2,891 Shares of Exxon Mobil Co. (NYSE:XOM)

Cynosure Group LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 52.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,631 shares of the oil and gas company's stock after selling 2,891 shares during the period. Cynosure Group LLC's holdings in Exxon Mobil were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Huntington National Bank raised its stake in shares of Exxon Mobil by 3.2% during the fourth quarter. Huntington National Bank now owns 1,821,261 shares of the oil and gas company's stock valued at $195,913,000 after acquiring an additional 55,961 shares during the last quarter. Kesler Norman & Wride LLC raised its holdings in Exxon Mobil by 16.1% in the 4th quarter. Kesler Norman & Wride LLC now owns 30,795 shares of the oil and gas company's stock worth $3,313,000 after acquiring an additional 4,276 shares during the last quarter. Te Ahumairangi Investment Management Ltd lifted its holdings in shares of Exxon Mobil by 0.6% during the fourth quarter. Te Ahumairangi Investment Management Ltd now owns 21,411 shares of the oil and gas company's stock valued at $2,303,000 after purchasing an additional 132 shares in the last quarter. Columbia Asset Management purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $2,589,000. Finally, Massachusetts Financial Services Co. MA grew its position in Exxon Mobil by 2.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 18,706,256 shares of the oil and gas company's stock worth $2,012,232,000 after purchasing an additional 378,248 shares during the period. Institutional investors own 61.80% of the company's stock.

Insider Activity

In related 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 transaction 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on XOM shares. Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. TD Cowen cut their price objective on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research note on Monday, December 16th. Scotiabank decreased their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Barclays dropped their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. Finally, Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. One investment 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. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus price target of $128.80.

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Exxon Mobil Trading Down 5.3 %

XOM stock opened at $112.36 on Friday. The firm has a market cap of $487.53 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. The firm has a fifty day moving average price of $111.25 and a 200 day moving average price of $113.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company earned $2.48 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is 50.51%.

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.

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