Exxon Mobil Co. (NYSE:XOM) Shares Sold by New Vernon Investment Management LLC

New Vernon Investment Management LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 91.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,600 shares of the oil and gas company's stock after selling 18,250 shares during the quarter. New Vernon Investment Management LLC's holdings in Exxon Mobil were worth $172,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. West Oak Capital LLC raised its holdings in shares of Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company's stock worth $1,743,000 after purchasing an additional 92 shares during the last quarter. Beacon Capital Management LLC grew its position in Exxon Mobil by 1.1% during the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock worth $923,000 after purchasing an additional 93 shares during the period. Cadent Capital Advisors LLC grew its position in Exxon Mobil by 0.3% during the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company's stock worth $4,020,000 after purchasing an additional 94 shares during the period. Lincoln Capital LLC raised its stake in shares of Exxon Mobil by 1.1% during the 4th quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company's stock valued at $917,000 after buying an additional 94 shares during the last quarter. Finally, Altus Wealth Group LLC lifted its holdings in shares of Exxon Mobil by 0.9% in the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 sale, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Price Performance

XOM traded up $0.07 during trading on Monday, reaching $108.64. The company's stock had a trading volume of 13,859,907 shares, compared to its average volume of 15,876,256. The company has a market cap of $469.90 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 3.02 and a beta of 0.61. The firm has a fifty day simple moving average of $109.75 and a two-hundred day simple moving average of $112.13. 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.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates 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 period last year, the business posted $2.48 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors 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 3.65%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's payout ratio is currently 50.51%.

Wall Street Analyst Weigh In

XOM has been the subject of several recent research reports. HSBC reduced their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company decreased their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. UBS Group lowered their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Truist Financial lifted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. Finally, Bernstein Bank increased their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus target price of $126.50.

About Exxon Mobil

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.