Gradient Investments LLC cut its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 180,523 shares of the oil and gas company’s stock after selling 10,244 shares during the quarter. Gradient Investments LLC’s holdings in Exxon Mobil were worth $19,912,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of XOM. Price T Rowe Associates Inc. MD increased its position in shares of Exxon Mobil by 94.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock valued at $3,463,672,000 after buying an additional 19,230,872 shares in the last quarter. FMR LLC increased its position in shares of Exxon Mobil by 14.9% in the second quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock valued at $11,573,746,000 after buying an additional 17,521,080 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Exxon Mobil by 1,505.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock valued at $833,291,000 after buying an additional 9,124,095 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in shares of Exxon Mobil in the third quarter valued at approximately $347,253,000. Finally, Legal & General Group Plc increased its position in shares of Exxon Mobil by 14.3% during the second quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock worth $2,144,479,000 after purchasing an additional 3,131,617 shares in the last quarter. 57.49% of the stock is owned by institutional investors and hedge funds.
In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the transaction, the vice president now owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.04% of the company’s stock.
Exxon Mobil Stock Performance
Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same quarter in the prior year, the company posted $2.05 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 10.08 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on XOM shares. Truist Financial boosted their price target on Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, February 1st. StockNews.com started coverage on Exxon Mobil in a research report on Thursday. They set a “hold” rating for the company. B. Riley boosted their price target on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Wells Fargo & Company boosted their price target on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. Finally, Bank of America boosted their price target on Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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