Prospector Partners LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,764 shares of the oil and gas company's stock after selling 10,001 shares during the quarter. Exxon Mobil comprises approximately 1.7% of Prospector Partners LLC's investment portfolio, making the stock its 23rd biggest holding. Prospector Partners LLC's holdings in Exxon Mobil were worth $15,142,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $46,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil in the 4th quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.
Insider Activity
In related news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.
Exxon Mobil Price Performance
Shares of Exxon Mobil stock traded down $5.76 on Thursday, reaching $100.04. 17,159,348 shares of the stock were exchanged, compared to its average volume of 15,926,903. Exxon Mobil Co. has a one year low of $97.84 and a one year high of $126.34. The firm has a market cap of $434.07 billion, a PE ratio of 12.69, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm's 50 day moving average is $110.61 and its 200-day moving average is $113.39.
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 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 in the prior year, the business earned $2.48 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on XOM. Scotiabank lowered their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. HSBC reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. TD Cowen dropped their price objective on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research note on Monday, December 16th. 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 note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.20.
Read Our Latest Report on XOM
About Exxon Mobil
(
Free Report)
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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