Desjardins Global Asset Management Inc. Sells 8,288 Shares of Exxon Mobil Co. (NYSE:XOM)

Desjardins Global Asset Management Inc. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 29.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,969 shares of the oil and gas company’s stock after selling 8,288 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Exxon Mobil were worth $1,996,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Main Street Research LLC grew its stake in shares of Exxon Mobil by 1,013.4% during the fourth quarter. Main Street Research LLC now owns 210,670 shares of the oil and gas company’s stock valued at $21,063,000 after purchasing an additional 191,748 shares during the last quarter. Riverstone Advisors LLC boosted its stake in Exxon Mobil by 2.7% in the fourth quarter. Riverstone Advisors LLC now owns 31,298 shares of the oil and gas company’s stock valued at $3,129,000 after acquiring an additional 818 shares during the last quarter. Investment Advisory Group LLC boosted its stake in Exxon Mobil by 14.9% in the fourth quarter. Investment Advisory Group LLC now owns 13,602 shares of the oil and gas company’s stock valued at $1,360,000 after acquiring an additional 1,767 shares during the last quarter. United Asset Strategies Inc. boosted its stake in Exxon Mobil by 36.4% in the fourth quarter. United Asset Strategies Inc. now owns 56,143 shares of the oil and gas company’s stock valued at $5,613,000 after acquiring an additional 14,971 shares during the last quarter. Finally, Peirce Capital Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at approximately $422,000. 61.80% of the stock is owned by institutional investors.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction 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 sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by company insiders.

Exxon Mobil Trading Down 0.1 %

NYSE XOM opened at $118.46 on Friday. The company has a market cap of $468.90 billion, a PE ratio of 13.33, a PEG ratio of 4.08 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a 50 day moving average of $111.18 and a 200-day moving average of $106.30.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28. The company had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.40 EPS. On average, equities research analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Analyst Ratings Changes

A number of equities analysts have issued reports on XOM shares. Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays began coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. TD Cowen boosted their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 1st. Truist Financial raised their price objective on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Scotiabank increased their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $132.28.

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.