Exxon Mobil Co. (NYSE:XOM) Shares Sold by Monarch Capital Management Inc.

Monarch Capital Management Inc. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 52,644 shares of the oil and gas company’s stock after selling 183 shares during the quarter. Exxon Mobil makes up approximately 1.6% of Monarch Capital Management Inc.’s portfolio, making the stock its 24th largest holding. Monarch Capital Management Inc.’s holdings in Exxon Mobil were worth $5,263,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KB Financial Partners LLC acquired a new position in Exxon Mobil in the 1st quarter valued at about $27,000. IMA Wealth Inc. raised its position in Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after buying an additional 324 shares during the last quarter. FWL Investment Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth $43,000. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Exxon Mobil in the third quarter valued at about $49,000. Finally, Studio Investment Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $115.05 on Thursday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $120.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The company has a market capitalization of $456.50 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96. The firm’s fifty day moving average price is $104.98 and its 200 day moving average price is $105.89.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same period in the previous year, the company earned $3.40 earnings per share. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on XOM shares. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. UBS Group decreased their target price on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. TD Cowen upgraded shares of Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Tuesday, January 23rd. Piper Sandler decreased their price objective on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.18.

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.