D.A. Davidson & CO. lowered its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 433,747 shares of the oil and gas company's stock after selling 7,636 shares during the quarter. D.A. Davidson & CO.'s holdings in Exxon Mobil were worth $46,658,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $46,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $51,000. Compass Financial Services Inc bought a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $48,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $54,000. Institutional investors own 61.80% of the company's stock.
Insider Activity at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on XOM shares. Scotiabank cut their price objective on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Truist Financial raised their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. BMO Capital Markets lowered their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a report on Friday, January 31st. Finally, Argus raised Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $129.25.
Check Out Our Latest Stock Report on Exxon Mobil
Exxon Mobil Stock Performance
Exxon Mobil stock traded down $1.33 during trading on Friday, hitting $110.67. The stock had a trading volume of 14,676,984 shares, compared to its average volume of 15,010,274. Exxon Mobil Co. has a 1 year low of $102.88 and a 1 year high of $126.34. 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 stock's 50 day moving average is $108.60 and its two-hundred day moving average is $114.52. The stock has a market cap of $486.39 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89.
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 (EPS) 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 period in the previous year, the company posted $2.48 EPS. As a group, analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.58%. Exxon Mobil's dividend payout ratio is presently 50.51%.
Exxon Mobil Profile
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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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