Peregrine Asset Advisers Inc. Has $1.25 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Peregrine Asset Advisers Inc. decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 19.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,639 shares of the oil and gas company’s stock after selling 2,820 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in Exxon Mobil were worth $1,252,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $46,000. Compass Planning Associates Inc bought a new stake in Exxon Mobil during the fourth quarter worth about $47,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil in the third quarter valued at approximately $51,000. Finally, Compass Financial Services Inc acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $48,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $111.18 on Tuesday. The company has a market capitalization of $482.42 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 3.02 and a beta of 0.89. The firm’s 50 day simple moving average is $108.65 and its 200 day simple moving average is $114.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a fifty-two week low of $103.05 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the firm earned $2.48 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research analyst reports. UBS Group cut their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Morgan Stanley lifted their price target on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. HSBC decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Truist Financial boosted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.