Prudential Financial Inc. Sells 53,417 Shares of Exxon Mobil Co. (NYSE:XOM)

Prudential Financial Inc. cut its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,872,114 shares of the oil and gas company's stock after selling 53,417 shares during the period. Exxon Mobil comprises about 0.7% of Prudential Financial Inc.'s investment portfolio, making the stock its 19th largest position. Prudential Financial Inc. owned about 0.11% of Exxon Mobil worth $524,093,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Rockline Wealth Management LLC boosted its position in shares of Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock valued at $2,788,000 after acquiring an additional 1,498 shares in the last quarter. Renasant Bank boosted its holdings in Exxon Mobil by 5.0% during 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 in the last quarter. Helen Stephens Group LLC grew its stake in shares of Exxon Mobil by 7.3% in the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock valued at $4,479,000 after purchasing an additional 2,825 shares during the period. Brooklyn Investment Group raised its holdings in shares of Exxon Mobil by 36.8% in the 3rd quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company's stock worth $2,945,000 after buying an additional 6,753 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its stake in Exxon Mobil by 41.3% in the 3rd quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company's stock valued at $8,942,000 after buying an additional 22,296 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Up 0.7 %

Shares of NYSE:XOM traded up $0.81 during midday trading on Tuesday, reaching $116.61. 12,075,161 shares of the company were exchanged, compared to its average volume of 14,959,556. The firm has a market cap of $505.99 billion, a PE ratio of 14.87, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The stock has a fifty day simple moving average of $110.22 and a two-hundred day simple moving average of $113.58.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts' consensus estimates 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 business earned $2.48 earnings per share. As a group, sell-side analysts forecast 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 paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.40%. Exxon Mobil's dividend payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

Several research firms have issued reports on XOM. The Goldman Sachs Group dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Mizuho dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a report on Monday, December 16th. 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 dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a report on Monday, December 16th. Finally, UBS Group decreased their target price on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average price target of $129.15.

Exxon Mobil 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.