Exxon Mobil Co. (NYSE:XOM) Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 14.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,298 shares of the oil and gas company's stock after selling 13,616 shares during the period. Phoenix Financial Ltd.'s holdings in Exxon Mobil were worth $8,422,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock valued at $786,453,000 after purchasing an additional 521,932 shares during the period. Chiron Investment Management LLC lifted its position in Exxon Mobil by 81.5% during the third quarter. Chiron Investment Management LLC now owns 35,744 shares of the oil and gas company's stock valued at $4,190,000 after purchasing an additional 16,049 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Exxon Mobil by 6.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 150,755 shares of the oil and gas company's stock worth $17,672,000 after buying an additional 9,209 shares during the last quarter. Fortem Financial Group LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter valued at about $996,000. Finally, TD Private Client Wealth LLC grew its position in Exxon Mobil by 0.4% in the third quarter. TD Private Client Wealth LLC now owns 32,005 shares of the oil and gas company's stock worth $3,752,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on XOM shares. Piper Sandler decreased their price target on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Scotiabank decreased their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday. Truist Financial raised their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Barclays dropped their target price on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Finally, HSBC cut their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average target price of $126.95.

Exxon Mobil Stock Up 0.0 %

XOM traded up $0.04 during trading hours on Monday, hitting $103.18. 6,110,187 shares of the company's stock were exchanged, compared to its average volume of 15,945,597. The firm has a 50 day moving average of $110.33 and a 200 day moving average of $113.19. The firm has a market cap of $446.28 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. 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 12-month low of $97.80 and a 12-month 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 EPS for the quarter, missing the consensus estimate 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 in the previous year, the business posted $2.48 earnings per share. Analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business's 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 transaction, the vice president now owns 18,087 shares in the company, 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 SEC, which is accessible through the SEC website. Corporate insiders own 0.03% of the company's stock.

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.