Pinnacle Financial Partners Inc Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Pinnacle Financial Partners Inc reduced its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 556,391 shares of the oil and gas company’s stock after selling 30,399 shares during the quarter. Exxon Mobil comprises about 1.3% of Pinnacle Financial Partners Inc’s portfolio, making the stock its 14th biggest position. Pinnacle Financial Partners Inc’s holdings in Exxon Mobil were worth $55,628,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of XOM. Axiom Financial Strategies LLC increased its holdings in shares of Exxon Mobil by 17.4% in the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 1,173 shares during the period. Retirement Income Solutions Inc purchased a new position in shares of Exxon Mobil in the 1st quarter valued at $275,000. Loomis Sayles & Co. L P increased its holdings in shares of Exxon Mobil by 318.8% in the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after acquiring an additional 13,065 shares during the period. Ergoteles LLC increased its holdings in shares of Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after acquiring an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC purchased a new position in shares of Exxon Mobil in the 1st quarter valued at $237,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $119.34 on Thursday. The stock has a market cap of $473.52 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 4.28 and a beta of 0.96. The business has a 50-day simple moving average of $107.34 and a 200-day simple moving average of $105.99. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $120.70.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.40 EPS. On average, equities analysts expect that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of a number of analyst reports. TD Cowen lifted their price target on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a report on Monday. UBS Group dropped their target price on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. dropped their target price on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a research note on Friday, December 8th. Mizuho boosted their target price on Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Finally, Piper Sandler dropped their target price on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.47.

Check Out 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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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