LSV Asset Management Sells 1,927,248 Shares of Exxon Mobil Co. (NYSE:XOM)

LSV Asset Management cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 41.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,776,702 shares of the oil and gas company's stock after selling 1,927,248 shares during the quarter. LSV Asset Management owned about 0.06% of Exxon Mobil worth $298,690,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Rockline Wealth Management LLC lifted its holdings in Exxon Mobil by 6.1% in 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 during the last quarter. Renasant Bank raised its position in shares of Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after purchasing an additional 493 shares during the period. Helen Stephens Group LLC lifted its stake in shares of Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock worth $4,479,000 after buying an additional 2,825 shares during the last quarter. Hartford Funds Management Co LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth $543,000. Finally, Czech National Bank grew its stake in Exxon Mobil by 5.3% in the 4th quarter. Czech National Bank now owns 952,944 shares of the oil and gas company's stock valued at $102,508,000 after buying an additional 47,893 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

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Exxon Mobil Price Performance

XOM stock traded up $3.12 during trading on Friday, hitting $103.05. The company had a trading volume of 22,869,206 shares, compared to its average volume of 16,005,429. The company has a fifty day moving average price of $110.33 and a two-hundred day moving average price of $113.19. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a market cap of $445.70 billion, a P/E ratio of 13.14, a P/E/G 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 (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 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 quarter last year, the company posted $2.48 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction 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 completion of the sale, the vice president now directly owns 18,087 shares of the company's stock, 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 SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on XOM shares. The Goldman Sachs Group cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Bernstein Bank boosted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Piper Sandler dropped their price target on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. TD Cowen reduced their price objective on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. Finally, Truist Financial boosted their target price 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $126.95.

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.