Exxon Mobil Co. (NYSE:XOM) Shares Sold by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 67.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,140 shares of the oil and gas company's stock after selling 4,390 shares during the quarter. Sompo Asset Management Co. Ltd.'s holdings in Exxon Mobil were worth $230,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. MGO One Seven LLC grew its position in shares of Exxon Mobil by 19.6% during the 4th quarter. MGO One Seven LLC now owns 107,529 shares of the oil and gas company's stock valued at $11,567,000 after acquiring an additional 17,610 shares during the period. Quantessence Capital LLC purchased a new position in Exxon Mobil during the fourth quarter worth approximately $3,814,000. Alta Advisers Ltd grew its holdings in Exxon Mobil by 18.1% in the fourth quarter. Alta Advisers Ltd now owns 14,758 shares of the oil and gas company's stock valued at $1,588,000 after purchasing an additional 2,264 shares during the period. Fayez Sarofim & Co increased its position in shares of Exxon Mobil by 2.7% in the fourth quarter. Fayez Sarofim & Co now owns 10,177,991 shares of the oil and gas company's stock valued at $1,094,847,000 after buying an additional 267,582 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Exxon Mobil by 2.7% during the 4th quarter. Stifel Financial Corp now owns 3,983,984 shares of the oil and gas company's stock worth $428,558,000 after buying an additional 106,403 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on XOM shares. Bernstein Bank lifted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. HSBC dropped their target price 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. Scotiabank decreased their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Truist Financial increased 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $126.50.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated 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 transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Down 0.8 %

Shares of XOM opened at $107.40 on Thursday. The company's 50-day moving average price is $109.77 and its 200 day moving average price is $112.48. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month 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. The firm has a market cap of $464.51 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the business earned $2.48 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.69%. Exxon Mobil's dividend payout ratio is presently 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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