Exxon Mobil Co. (NYSE:XOM) Shares Sold by Capital World Investors

Capital World Investors trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 48.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,414,587 shares of the oil and gas company's stock after selling 9,629,979 shares during the period. Capital World Investors owned about 0.24% of Exxon Mobil worth $1,120,193,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rockline Wealth Management LLC increased its position in Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock worth $2,788,000 after purchasing an additional 1,498 shares in the last quarter. Renasant Bank lifted its stake in shares of Exxon Mobil by 5.0% during the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after buying an additional 493 shares during the period. Helen Stephens Group LLC grew its stake in Exxon Mobil by 7.3% in the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock worth $4,479,000 after acquiring an additional 2,825 shares during the period. Hartford Funds Management Co LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $543,000. Finally, Czech National Bank boosted its holdings in shares of Exxon Mobil by 5.3% during the fourth quarter. Czech National Bank now owns 952,944 shares of the oil and gas company's stock worth $102,508,000 after purchasing an additional 47,893 shares during the last quarter. Hedge funds and other 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 Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on XOM shares. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Scotiabank lowered their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company reduced their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Finally, 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 report on Monday, April 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $126.75.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $106.84 on Friday. The company has a market capitalization 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. The business has a 50 day simple moving average of $109.82 and a 200-day simple moving average of $112.75. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 period last year, the company earned $2.48 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

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