Exxon Mobil Co. (NYSE:XOM) Position Lessened by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 431,352,864 shares of the oil and gas company's stock after selling 759,345 shares during the period. Exxon Mobil makes up about 0.8% of Vanguard Group Inc.'s holdings, making the stock its 14th biggest holding. Vanguard Group Inc. owned approximately 9.81% of Exxon Mobil worth $46,400,628,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Fairway Wealth LLC bought a new position in Exxon Mobil during the 4th quarter valued at $31,000. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the fourth quarter worth about $46,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the fourth quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC bought a new position in Exxon Mobil during the 4th quarter worth approximately $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded up $0.50 on Tuesday, reaching $116.30. 5,102,939 shares of the company traded hands, compared to its average volume of 14,959,556. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. 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 market capitalization of $504.65 billion, a PE ratio of 14.84, a P/E/G ratio of 3.02 and a beta of 0.83. The company's 50 day moving average is $110.22 and its 200-day moving average is $113.58.

Remove Ads

Exxon Mobil (NYSE:XOM - Get Free Report) last announced 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm earned $2.48 earnings per share. As a group, analysts anticipate 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. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.40%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on XOM shares. Argus raised Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Morgan Stanley increased their target price on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. The Goldman Sachs Group decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Truist Financial increased 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. Finally, TD Cowen decreased their target price on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.15.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company's stock.

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.