Guinness Asset Management LTD Sells 38,636 Shares of Exxon Mobil Co. (NYSE:XOM)

Guinness Asset Management LTD lessened its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 20.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,299 shares of the oil and gas company's stock after selling 38,636 shares during the period. Guinness Asset Management LTD's holdings in Exxon Mobil were worth $15,780,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock worth $17,801,457,000 after buying an additional 395,218 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Exxon Mobil by 1.8% in the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock worth $10,777,735,000 after buying an additional 1,622,064 shares during the period. Legal & General Group Plc boosted its holdings in shares of Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock worth $3,719,296,000 after buying an additional 5,235,607 shares during the period. Franklin Resources Inc. lifted its position in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Exxon Mobil by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company's stock worth $3,652,589,000 after purchasing an additional 146,374 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on XOM. Truist Financial increased their price target 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. Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. Piper Sandler cut their price objective on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $128.84.

Exxon Mobil Stock Down 1.0 %

NYSE XOM traded down $1.06 during trading on Wednesday, hitting $110.41. The stock had a trading volume of 7,650,865 shares, compared to its average volume of 14,796,281. The company has a market capitalization of $485.25 billion, a PE ratio of 13.75, a P/E/G ratio of 2.98 and a beta of 0.91. The company's 50-day moving average price is $112.22 and its two-hundred day moving average price is $115.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 12 month low of $96.73 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. During the same quarter in the prior year, the business posted $2.27 EPS. The business's revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.59%. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil's dividend payout ratio is currently 49.32%.

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.