Exxon Mobil Co. (NYSE:XOM) Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. cut its stake in Exxon Mobil Co. (NYSE:XOM) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,601 shares of the oil and gas company’s stock after selling 509 shares during the period. Weatherly Asset Management L. P.’s holdings in Exxon Mobil were worth $1,260,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its stake in Exxon Mobil by 10,221.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after purchasing an additional 4,870,115 shares during the last quarter. FMR LLC increased its stake in Exxon Mobil by 3.0% during the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Exxon Mobil during the third quarter valued at $295,515,000. Canada Pension Plan Investment Board increased its stake in Exxon Mobil by 21,620,510.0% during the third quarter. Canada Pension Plan Investment Board now owns 2,162,061 shares of the oil and gas company’s stock valued at $254,215,000 after purchasing an additional 2,162,051 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of Exxon Mobil by 650.5% during the fourth quarter. Jennison Associates LLC now owns 1,864,895 shares of the oil and gas company’s stock worth $186,452,000 after acquiring an additional 1,616,417 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil 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 transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 0.0 %

NYSE:XOM opened at $121.05 on Thursday. The stock’s 50 day moving average price is $112.69 and its 200 day moving average price is $106.51. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a market capitalization of $479.15 billion, a P/E ratio of 13.62, a P/E/G ratio of 4.16 and a beta of 0.96. 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 released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter in the prior year, the company posted $3.40 earnings per share. The firm’s revenue was down 11.6% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.14%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Analyst Ratings Changes

XOM has been the subject of several recent research reports. TD Cowen upped their price target on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Scotiabank upped their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, Piper Sandler upped their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.28.

About Exxon Mobil

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.