Ewa LLC Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Ewa LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,573 shares of the oil and gas company’s stock after selling 191 shares during the period. Ewa LLC’s holdings in Exxon Mobil were worth $262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. FMR LLC boosted its position 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 in the last quarter. Morgan Stanley lifted its position in shares of Exxon Mobil by 2.0% during the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after buying an additional 1,066,937 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of 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 valued at $5,137,865,000 after buying an additional 576,078 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Exxon Mobil by 1.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock worth $1,088,077,000 after buying an additional 132,196 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Exxon Mobil by 15.8% during the 3rd quarter. California Public Employees Retirement System now owns 9,197,103 shares of the oil and gas company’s stock worth $1,081,395,000 after acquiring an additional 1,252,505 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s 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 directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

Exxon Mobil stock traded down $0.25 during trading on Tuesday, reaching $119.39. The company had a trading volume of 2,084,330 shares, compared to its average volume of 17,999,197. The firm has a market capitalization of $472.58 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96. The firm’s 50-day simple moving average is $113.65 and its 200 day simple moving average is $106.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the prior year, the business posted $2.83 earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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 given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on XOM shares. TD Cowen upped their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday. Piper Sandler raised their price target 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. Mizuho reissued a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Barclays initiated coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target for the company. Finally, Wells Fargo & Company raised their price objective on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $133.11.

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.