Consolidated Portfolio Review Corp Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Consolidated Portfolio Review Corp trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,563 shares of the oil and gas company’s stock after selling 617 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Exxon Mobil were worth $656,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC increased its stake in Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after acquiring an additional 4,162,149 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in Exxon Mobil by 140,855.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after acquiring an additional 123,254,064 shares during the last quarter. Morgan Stanley increased its stake in Exxon Mobil by 2.0% in the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after acquiring an additional 1,066,937 shares during the last quarter. Norges Bank bought a new position in Exxon Mobil in the 4th quarter worth about $5,226,390,000. Finally, Northern Trust Corp increased its stake in Exxon Mobil by 1.3% in the 3rd quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock worth $5,137,865,000 after acquiring an additional 576,078 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Down 0.6 %

Shares of NYSE:XOM opened at $119.68 on Tuesday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The firm has a market capitalization of $473.72 billion, a P/E ratio of 13.46, a P/E/G ratio of 4.21 and a beta of 0.96. The stock has a 50 day moving average price of $110.24 and a 200-day moving average price of $106.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

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 the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the prior year, the company earned $3.40 EPS. The business’s revenue was down 11.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 9.54 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have weighed in on XOM. Piper Sandler decreased 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Barclays assumed coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. Truist Financial increased their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, TD Cowen increased their price objective on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $131.44.

Exxon Mobil Profile

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.