Payden & Rygel Sells 78,950 Shares of Exxon Mobil Co. (NYSE:XOM)

Payden & Rygel cut its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 34.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,300 shares of the oil and gas company's stock after selling 78,950 shares during the period. Payden & Rygel's holdings in Exxon Mobil were worth $15,845,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Exxon Mobil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after acquiring an additional 1,104,617 shares in the last quarter. Norges Bank bought a new position in Exxon Mobil in the 4th quarter valued at $6,936,737,000. Bank of New York Mellon Corp raised its position in Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after purchasing an additional 5,538,694 shares during the last quarter. Franklin Resources Inc. boosted its stake in Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after purchasing an additional 4,140,046 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Exxon Mobil by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company's stock worth $3,427,237,000 after purchasing an additional 700,415 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several brokerages recently issued reports on XOM. Truist Financial upped 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. HSBC reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. TD Cowen lowered their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a report on Monday, December 16th. Wells Fargo & Company reduced their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Finally, Mizuho lowered their target price on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.20.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Trading Down 1.6 %

XOM traded down $1.70 during mid-day trading on Monday, hitting $102.64. The stock had a trading volume of 35,061,819 shares, compared to its average volume of 15,816,987. Exxon Mobil Co. has a 1-year low of $98.59 and a 1-year high of $126.34. The firm has a market capitalization of $445.38 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock's fifty day simple moving average is $111.16 and its 200-day simple moving average is $113.81.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 period in the prior year, the business earned $2.48 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.86%. Exxon Mobil's dividend payout ratio is presently 50.51%.

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.