Pinnacle Financial Partners Inc Has $80.93 Million Position in Exxon Mobil Co. (NYSE:XOM)

Pinnacle Financial Partners Inc decreased its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 725,970 shares of the oil and gas company's stock after selling 10,828 shares during the quarter. Exxon Mobil comprises about 1.6% of Pinnacle Financial Partners Inc's investment portfolio, making the stock its 11th largest holding. Pinnacle Financial Partners Inc's holdings in Exxon Mobil were worth $80,931,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at about $46,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the fourth quarter valued at about $47,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil during the third quarter valued at about $51,000. Finally, Compass Financial Services Inc bought a new stake in Exxon Mobil in the fourth quarter worth about $48,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on XOM. Bernstein Bank boosted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. TD Cowen dropped their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research report on Monday, December 16th. Truist Financial boosted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Mizuho dropped their price target on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Finally, HSBC dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $129.25.

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Insider Activity at Exxon Mobil

In related 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 value of $231,000.00. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Up 1.1 %

NYSE:XOM traded up $1.18 on Friday, hitting $111.33. 18,815,935 shares of the company's stock traded hands, compared to its average volume of 14,938,178. The company has a market cap of $483.08 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The firm has a 50-day moving average price of $108.95 and a 200-day moving average price of $114.26. Exxon Mobil Co. has a 1 year low of $104.03 and a 1 year high of $126.34. 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 (NYSE:XOM - Get Free Report) last announced its quarterly 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 prior year, the firm posted $2.48 earnings per share. Equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 3.56%. 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.