Exxon Mobil Co. (NYSE:XOM) Holdings Cut by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,437 shares of the oil and gas company’s stock after selling 1,227 shares during the quarter. Exxon Mobil makes up approximately 2.0% of Wellington Shields & Co. LLC’s portfolio, making the stock its 7th largest holding. Wellington Shields & Co. LLC’s holdings in Exxon Mobil were worth $6,609,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of XOM. Principal Financial Group Inc. grew its position in Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after acquiring an additional 521,932 shares in the last quarter. United Bank lifted its holdings in shares of Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after purchasing an additional 641 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Exxon Mobil by 10.3% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,708 shares of the oil and gas company’s stock worth $669,000 after acquiring an additional 532 shares during the period. Proactive Wealth Strategies LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $397,000. Finally, Ashton Thomas Private Wealth LLC grew its stake in Exxon Mobil by 0.4% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 100,568 shares of the oil and gas company’s stock valued at $11,789,000 after acquiring an additional 443 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $108.58 on Friday. The business’s 50 day simple moving average is $109.26 and its 200 day simple moving average is $113.73. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The company has a market cap of $471.14 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. Wells Fargo & Company decreased their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Morgan Stanley upped their price target on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. HSBC dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, TD Cowen decreased their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

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.