Exxon Mobil Co. (NYSE:XOM) Shares Sold by Vectors Research Management LLC

Vectors Research Management LLC lessened its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 43.6% during the fourth quarter, Holdings Channel reports. The fund owned 18,881 shares of the oil and gas company’s stock after selling 14,617 shares during the quarter. Vectors Research Management LLC’s holdings in Exxon Mobil were worth $1,888,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Partnership Wealth Management LLC bought a new position in Exxon Mobil during the 4th quarter valued at $46,000. Orion Capital Management LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $91,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $92,000. Keener Financial Planning LLC bought a new stake in Exxon Mobil during the fourth quarter worth approximately $80,000. Finally, Sumitomo Mitsui Financial Group Inc. increased its holdings in shares of Exxon Mobil by 851.6% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 792 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 2.9 %

NYSE:XOM traded up $3.27 during trading hours on Friday, reaching $117.26. The company’s stock had a trading volume of 29,037,378 shares, compared to its average volume of 16,682,006. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The business’s 50-day moving average is $117.84 and its 200-day moving average is $108.26. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a market cap of $462.36 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 4.08 and a beta of 0.96.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the previous year, the company earned $2.83 earnings per share. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Co. will post 9.57 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.24%. Exxon Mobil’s dividend payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on XOM shares. Truist Financial lifted their target price on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Morgan Stanley restated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Mizuho raised their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. UBS Group boosted their price target on shares of Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Eight equities research 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $135.00.

View Our Latest Analysis on Exxon Mobil

Exxon Mobil Profile

(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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