First Foundation Advisors Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

First Foundation Advisors decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,543 shares of the oil and gas company's stock after selling 10,117 shares during the quarter. First Foundation Advisors' holdings in Exxon Mobil were worth $7,050,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock valued at $786,453,000 after purchasing an additional 521,932 shares during the last quarter. Chiron Investment Management LLC lifted its position in Exxon Mobil by 81.5% in the third quarter. Chiron Investment Management LLC now owns 35,744 shares of the oil and gas company's stock worth $4,190,000 after buying an additional 16,049 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in Exxon Mobil by 6.5% during the third quarter. Sunbelt Securities Inc. now owns 150,755 shares of the oil and gas company's stock worth $17,672,000 after buying an additional 9,209 shares during the period. Fortem Financial Group LLC bought a new position in Exxon Mobil during the third quarter valued at $996,000. Finally, TD Private Client Wealth LLC increased its position in Exxon Mobil by 0.4% during the third quarter. TD Private Client Wealth LLC now owns 32,005 shares of the oil and gas company's stock valued at $3,752,000 after acquiring an additional 134 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

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Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 owns 18,087 shares of the company's stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.03% of the company's stock.

Exxon Mobil Stock Up 3.1 %

XOM stock traded up $3.12 during trading on Friday, hitting $103.05. 22,869,206 shares of the company's stock traded hands, compared to its average volume of 16,005,429. The firm has a market capitalization of $445.70 billion, a P/E ratio of 13.14, a PEG ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $110.33 and a two-hundred day simple moving average of $113.19.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 previous year, the company earned $2.48 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared 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 dividend yield of 3.84%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. Mizuho dropped their price target on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Piper Sandler dropped their target price on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. TD Cowen reduced their price target on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a report on Monday, December 16th. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. Finally, Wells Fargo & Company reduced their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average target price of $126.95.

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.