Fmr LLC Decreases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

FMR LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,107,336 shares of the oil and gas company's stock after selling 5,756,313 shares during the quarter. Exxon Mobil accounts for 0.9% of FMR LLC's investment portfolio, making the stock its 13th largest holding. FMR LLC owned 3.32% of Exxon Mobil worth $15,716,766,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Federated Hermes Inc. boosted its position in shares of Exxon Mobil by 291.5% during the 4th quarter. Federated Hermes Inc. now owns 2,023,359 shares of the oil and gas company's stock valued at $217,653,000 after acquiring an additional 1,506,600 shares during the last quarter. Waterloo Capital L.P. raised its position in Exxon Mobil by 6.2% during the 4th quarter. Waterloo Capital L.P. now owns 20,315 shares of the oil and gas company's stock valued at $2,185,000 after purchasing an additional 1,182 shares during the last quarter. Titleist Asset Management LLC raised its holdings in shares of Exxon Mobil by 87.3% during the fourth quarter. Titleist Asset Management LLC now owns 65,831 shares of the oil and gas company's stock valued at $7,081,000 after acquiring an additional 30,675 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co boosted its stake in shares of Exxon Mobil by 34.9% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 630,000 shares of the oil and gas company's stock valued at $67,769,000 after purchasing an additional 163,000 shares in the last quarter. Finally, Rahlfs Capital LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $4,138,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. TD Cowen dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada reissued a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Mizuho cut their price objective on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Argus raised Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Piper Sandler dropped their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average target price of $128.20.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Down 5.4 %

Shares of NYSE:XOM traded down $5.76 during trading hours on Thursday, hitting $100.04. 17,159,348 shares of the company's stock traded hands, compared to its average volume of 15,926,903. Exxon Mobil Co. has a 1 year low of $97.84 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $434.07 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The business has a fifty day moving average price of $110.61 and a 200-day moving average price of $113.39.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued 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 quarter in the prior year, the firm earned $2.48 EPS. Equities analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.96%. Exxon Mobil's payout ratio is 50.51%.

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.