National Pension Service Sells 186,638 Shares of Exxon Mobil Co. (NYSE:XOM)

National Pension Service lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,336,824 shares of the oil and gas company’s stock after selling 186,638 shares during the quarter. Exxon Mobil accounts for 0.8% of National Pension Service’s holdings, making the stock its 15th biggest holding. National Pension Service owned approximately 0.19% of Exxon Mobil worth $896,792,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. DMKC Advisory Services LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $1,919,000. Weil Company Inc. boosted its holdings in Exxon Mobil by 1.7% during the 4th quarter. Weil Company Inc. now owns 6,315 shares of the oil and gas company’s stock valued at $679,000 after acquiring an additional 106 shares during the period. Lake Street Advisors Group LLC boosted its holdings in Exxon Mobil by 34.9% during the 4th quarter. Lake Street Advisors Group LLC now owns 58,313 shares of the oil and gas company’s stock valued at $6,273,000 after acquiring an additional 15,085 shares during the period. Kirtland Hills Capital Management LLC boosted its holdings in Exxon Mobil by 9.5% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 3,481 shares of the oil and gas company’s stock valued at $374,000 after acquiring an additional 303 shares during the period. Finally, Summit Wealth Group LLC boosted its holdings in Exxon Mobil by 31.9% during the 4th quarter. Summit Wealth Group LLC now owns 2,926 shares of the oil and gas company’s stock valued at $315,000 after acquiring an additional 707 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.1 %

Shares of NYSE XOM opened at $111.33 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market capitalization of $483.08 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 1-year low of $104.03 and a 1-year high of $126.34. The business has a fifty day moving average price of $108.95 and a 200 day moving average price of $114.26.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 period last year, the business earned $2.48 EPS. Equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XOM. Scotiabank dropped their price objective on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. TD Cowen dropped their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, BMO Capital Markets lowered their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by corporate insiders.

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.