Sterling Capital Management LLC Has $1.99 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Sterling Capital Management LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 27.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,526 shares of the oil and gas company's stock after selling 6,994 shares during the quarter. Sterling Capital Management LLC's holdings in Exxon Mobil were worth $1,993,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. West Oak Capital LLC lifted its stake in shares of Exxon Mobil by 0.6% in the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company's stock valued at $1,743,000 after purchasing an additional 92 shares during the period. Beacon Capital Management LLC lifted its position in shares of Exxon Mobil by 1.1% during the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock valued at $923,000 after acquiring an additional 93 shares during the period. Cadent Capital Advisors LLC boosted its stake in shares of Exxon Mobil by 0.3% during the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company's stock worth $4,020,000 after acquiring an additional 94 shares in the last quarter. Lincoln Capital LLC grew its holdings in shares of Exxon Mobil by 1.1% in the 4th quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company's stock worth $917,000 after acquiring an additional 94 shares during the period. Finally, Altus Wealth Group LLC increased its position in shares of Exxon Mobil by 0.9% in the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have recently weighed in on XOM. Truist Financial raised their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. The Goldman Sachs Group reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. HSBC cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. TD Cowen decreased 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 note on Monday, December 16th. Finally, Barclays cut their price objective on shares of Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given 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 a consensus target price of $126.75.

Exxon Mobil Stock Down 0.3 %

Shares of XOM stock traded down $0.31 on Tuesday, hitting $103.08. The stock had a trading volume of 13,158,267 shares, compared to its average volume of 15,980,065. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The stock's 50 day moving average is $110.20 and its 200-day moving average is $113.10. The firm has a market capitalization of $445.85 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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 firm earned $2.48 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction 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 in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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.