Klingman & Associates LLC Sells 16,120 Shares of Exxon Mobil Co. (NYSE:XOM)

Klingman & Associates LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 31.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 35,889 shares of the oil and gas company's stock after selling 16,120 shares during the period. Klingman & Associates LLC's holdings in Exxon Mobil were worth $3,861,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vertex Planning Partners LLC grew its holdings in shares of Exxon Mobil by 3.1% during the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company's stock worth $326,000 after purchasing an additional 83 shares during the last quarter. First Heartland Consultants Inc. raised its holdings in Exxon Mobil by 0.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company's stock valued at $1,108,000 after buying an additional 87 shares during the last quarter. Latitude Advisors LLC boosted its position in Exxon Mobil by 0.7% during the 3rd quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company's stock worth $1,568,000 after buying an additional 88 shares during the period. Longfellow Investment Management Co. LLC grew its holdings in Exxon Mobil by 0.6% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company's stock worth $1,704,000 after acquiring an additional 88 shares during the last quarter. Finally, West Oak Capital LLC increased its position in Exxon Mobil by 0.6% in the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company's stock valued at $1,743,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. Truist Financial upped their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Royal Bank of Canada reissued a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. HSBC cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Finally, Piper Sandler decreased their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $129.25.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred 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 directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Down 1.2 %

Shares of NYSE:XOM opened at $110.67 on Friday. The firm has a market cap of $486.39 billion, a P/E ratio of 14.12, a PEG ratio of 2.97 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $102.88 and a 52-week high of $126.34. The business's 50 day simple moving average is $108.60 and its two-hundred day simple moving average is $114.49. 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 (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 quarter last year, the company posted $2.48 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.58%. Exxon Mobil's dividend payout ratio is presently 50.51%.

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.

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